----------------------------------------------------------------------------------------------
      name:  <unnamed>
       log:  /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disea
> se/Writing/NTR v17 ISQ Final/ Submission/3 Replication Data/ntr.log
  log type:  text
 opened on:  17 May 2016, 12:00:13

. 
. use "data.dta"
(Severity of the Dutch Disease, Jonas Bunte)

. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Figure 1
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. xtset A_id_number A_year
       panel variable:  A_id_number (unbalanced)
        time variable:  A_year, 1960 to 2009
                delta:  1 unit

. gen ntr_log = ln(BB_dunning3)
(330 missing values generated)

. gen exports_diff = d.DB_manu1
(63 missing values generated)

. replace exports_diff = . if exports_diff < -40
(1 real change made, 1 to missing)

. list A_id_name A_year ntr_log exports_diff if ntr_log > 5 & ntr_log < . & exports_diff > 3

     +--------------------------------------------+
     |   A_id_name   A_year    ntr_log   export~f |
     |--------------------------------------------|
166. |      Canada     1978   6.130621   3.226212 |
169. |      Canada     1981   7.006217   3.069191 |
174. |      Canada     1986   6.399401   3.480053 |
566. | Netherlands     1986   5.308393   5.888088 |
664. |      Norway     1986   7.130836          . |
     |--------------------------------------------|
665. |      Norway     1987   6.334277          . |
666. |      Norway     1988   6.740473          . |
676. |      Norway     1998   6.096478    5.36581 |
864. |         USA     1990   5.920491    5.28376 |
     +--------------------------------------------+

. list A_id_name A_year ntr_log exports_diff if ntr_log > 4 & ntr_log < . & exports_diff < -5

     +---------------------------------------------+
     |   A_id_name   A_year    ntr_log   exports~f |
     |---------------------------------------------|
580. | Netherlands     2000   4.680413   -11.61332 |
654. |      Norway     1976   4.890365   -8.469566 |
657. |      Norway     1979    6.84615   -12.63691 |
658. |      Norway     1980   7.450391   -7.653692 |
671. |      Norway     1993   6.680538   -5.234581 |
     |---------------------------------------------|
678. |      Norway     2000   7.923159   -8.282623 |
806. |          UK     1981   5.889003   -5.169403 |
825. |          UK     2000   5.549369   -6.408096 |
847. |         USA     1973   4.942401    -5.41227 |
     +---------------------------------------------+

. 
. qui sum exports_diff

. local exports_mean = 0

. 
. qui sum ntr_log

. local ntr_mean = r(mean)

. replace ntr_log = . if ntr_log < `ntr_mean'
(246 real changes made, 246 to missing)

. 
. twoway (scatter exports_diff ntr_log) , ///
> yline(`exports_mean', lwidth(thin) lcolor(black) lpattern(solid)) ///
> legend(off) ///
> xtitle("Non-tax revenues as percentage of GDP (log)") ///
> ytitle("Change in exports from previous year" "(% of GDP)")

. capture noisily graph export "A_descriptive_exports.pdf", replace
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/A_descriptive_exports.pdf written in PD
> F format)

. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Figure 2
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. xtset A_id_number A_year
       panel variable:  A_id_number (unbalanced)
        time variable:  A_year, 1960 to 2009
                delta:  1 unit

. gen wages_diff = d.DD_rate1
(385 missing values generated)

. 
. gen inflation_diff = d.DG_cpi3
(164 missing values generated)

. 
. qui sum inflation_diff

. local wages_mean = r(mean)

. 
. twoway (scatter wages_diff ntr_log) , ///
> yline(`wages_mean', lwidth(thin) lcolor(black) lpattern(solid)) ///
> legend(off) ///
> xtitle("Non-tax revenues as percentage of GDP (log)") ///
> ytitle("Change in wages from previous year" "(% of GDP)")

. capture noisily graph export "A_descriptive_wages.pdf", replace
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/A_descriptive_wages.pdf written in PDF 
> format)

. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Figure 3 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. capture drop reer_*

. xtset A_id_number A_year
       panel variable:  A_id_number (unbalanced)
        time variable:  A_year, 1960 to 2009
                delta:  1 unit

. gen reer_diff = d.DG_reer1
(309 missing values generated)

. 
. qui sum reer_diff

. local reer_mean = 0

. 
. twoway (scatter reer_diff ntr_log) , ///
> yline(`reer_mean', lwidth(thin) lcolor(black) lpattern(solid)) ///
> legend(off) ///
> xtitle("Non-tax revenues as percentage of GDP (log)") ///
> ytitle("Change in real exchange rate from previous year " "(% of GDP)")

. capture noisily graph export "A_descriptive_reer.pdf", replace
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/A_descriptive_reer.pdf written in PDF f
> ormat)

. 
. 
. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Figure 6 & 7 / Table B
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. // set key IVs
. 
. global WC = "CA_cent"

. global IN = "CC_gini3"

. global NTR = "BB_dunning3"

. global controls_exports "i.OB_01 c.DA_pc8 c.DC_total1 c.DD_overall2 c.DE_total c.DG_nominal1
>  country* "

. global controls_wages "c.CA_golden3 c.DA_pc8 c.DC_total1 c.DE_total c.DG_cpi5 country* "

. global controls_reer "c.BA_cbi2 c.DA_relprod c.DA_pc8 c.DG_cpi5 c.DG_nominal1 i.OB_01 countr
> y* "

. 
. sum $WC

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     CA_cent |        843    .4051158    .1993353   .0830662   .9779912

. global min1 = round(r(min),.1)

. global max1 = round(r(max),.1)

. global step1 = ($max1 - $min1)/10

. 
. sum $IN

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
    CC_gini3 |        413    .2850121     .044594         .2        .38

. global min2 = round(r(min),.1)

. global max2 = round(r(max),.1)

. global step2 = ($max2 - $min2)/10

. 
. sum $NTR

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
 BB_dunning3 |        576     156.224    311.4674          0   2760.479

. global min3 = round(r(min),10)

. global max3 = round(r(max),10)

. global step3 = ($max3 - $min3)/10

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Wage-coordination
. 
. global exports_wage_reg1 "xtpcse c.DB_exports_clean5 c.$WC##c.$NTR $controls_exports  , pair
> wise correlation(ar1)"

. global exports_wage_reg2 "xtpcse c.DB_exports_clean6 c.$WC##c.$NTR $controls_exports  , pair
> wise correlation(ar1)"

. global exports_wage_reg3 "xtpcse c.DB_manu1 c.$WC##c.$NTR $controls_exports  , pairwise corr
> elation(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${exports_wage_reg`x'}
  3.         if _rc == 0 { 
  4.                 // marginal effects
.                 capture noisily margins , dydx($NTR) atmeans at($WC=($min1($step1)$max1)) no
> atlegend force
  5.                 capture noisily marginsplot     , recast(line) recastci(rarea) yline(0) t
> itle("") ytitle("Marginal effect of natural resources on exports") xtitle("Degree of Wage Co
> ordination")
  6.                 capture noisily graph export "B_exports_wage_reg`x'_margins.pdf", replace
  7.                 // predict y-hats
.                 capture noisily margins, atmeans at((p20) $WC $NTR=($min3($step3)$max3)) sav
> ing(temp1, replace) noatlegend force
  8.                 capture noisily margins, atmeans at((p80) $WC $NTR=($min3($step3)$max3)) 
> saving(temp2, replace) noatlegend force
  9.                 capture noisily combomarginsplot temp1 temp2 , labels("Low wage-coordinat
> ion" "High wage-coordination" ) recast(line) recastci(rarea) ///
>                 file1opts(pstyle(p1)) file2opts(pstyle(p2)) plot1opts(lpattern("--")) ///
>                  lplot1(mfcolor(white)) legend(colfirst) ///
>                  title(" ") ytitle("Predicted exports") xtitle("Resource rents per capita")
 10.                 capture noisily graph export "B_exports_wage_reg`x'_yhat.pdf", replace
 11.                 }
 12.         }

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        271
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  15.055556
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9455
Estimated autocorrelations =         1          Wald chi2(28)     =   12009.50
Estimated coefficients     =        29          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   1.740634   3.264586     0.53   0.594    -4.657837    8.139105
            BB_dunning3 |   -.007977   .0032967    -2.42   0.016    -.0144384   -.0015156
                        |
c.CA_cent#c.BB_dunning3 |   .0182242   .0072777     2.50   0.012     .0039602    .0324881
                        |
                  OB_01 |
 De facto crawling peg  |  -1.429365   .7371479    -1.94   0.052    -2.874149    .0154178
      Managed floating  |    .121085   .8645757     0.14   0.889    -1.573452    1.815622
       Freely floating  |  -.2475263   .9171951    -0.27   0.787    -2.045196    1.550143
                        |
                 DA_pc8 |   .1668746   .1064672     1.57   0.117    -.0417973    .3755465
              DC_total1 |  -.4148266   .1214495    -3.42   0.001    -.6528633     -.17679
            DD_overall2 |   .1217778   .1270045     0.96   0.338    -.1271464    .3707019
               DE_total |   .3057202    .072716     4.20   0.000     .1631995     .448241
            DG_nominal1 |  -.1466482   .0164035    -8.94   0.000    -.1787985   -.1144979
               country2 |   22.91939   2.482408     9.23   0.000     18.05396    27.78482
               country3 |   55.15326   2.224015    24.80   0.000     50.79427    59.51225
               country4 |   21.17802   2.448232     8.65   0.000     16.37957    25.97646
               country5 |   24.91821   1.622976    15.35   0.000     21.73724    28.09919
               country6 |   23.58362   1.982643    11.90   0.000     19.69771    27.46953
               country7 |   12.10054   1.924659     6.29   0.000     8.328281    15.87281
               country8 |   12.48903   1.565876     7.98   0.000     9.419967    15.55809
               country9 |   63.98597   3.061311    20.90   0.000     57.98591    69.98603
              country10 |   12.15045   1.778664     6.83   0.000     8.664335    15.63657
              country11 |  -5.917516    1.87515    -3.16   0.002    -9.592742    -2.24229
              country12 |   44.07149   1.879301    23.45   0.000     40.38813    47.75486
              country13 |   13.45639   2.316943     5.81   0.000     8.915262    17.99751
              country14 |   17.47419   2.251076     7.76   0.000     13.06216    21.88622
              country15 |   26.19738   1.892378    13.84   0.000     22.48839    29.90637
              country16 |   20.98924   1.866587    11.24   0.000      17.3308    24.64769
              country17 |   10.86671   2.117665     5.13   0.000     6.716157    15.01725
              country18 |  -6.183424   2.172214    -2.85   0.004    -10.44089   -1.925962
                  _cons |   .3055279   5.152124     0.06   0.953     -9.79245    10.40351
------------------------+----------------------------------------------------------------
                    rho |   .6229695
-----------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        271
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |  -.0061546    .002614    -2.35   0.019    -.0112779   -.0010314
          2  |  -.0045145   .0020265    -2.23   0.026    -.0084863   -.0005426
          3  |  -.0028743   .0014962    -1.92   0.055    -.0058067    .0000581
          4  |  -.0012341   .0011083    -1.11   0.266    -.0034064    .0009382
          5  |   .0004061   .0010375     0.39   0.695    -.0016273    .0024394
          6  |   .0020462    .001335     1.53   0.125    -.0005703    .0046628
          7  |   .0036864   .0018293     2.02   0.044     .0001011    .0072717
          8  |   .0053266   .0024017     2.22   0.027     .0006193    .0100339
          9  |   .0069668    .003008     2.32   0.021     .0010711    .0128624
         10  |   .0086069   .0036313     2.37   0.018     .0014897    .0157242
         11  |   .0102471   .0042641     2.40   0.016     .0018897    .0186046
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CA_cent
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_wage_reg1_margins.pdf written
>  in PDF format)

Adjusted predictions                            Number of obs     =        271
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |    32.3661   .7581234    42.69   0.000     30.88021      33.852
          2  |   31.17557   .7718613    40.39   0.000     29.66275    32.68839
          3  |   29.98503   1.095696    27.37   0.000     27.83751    32.13256
          4  |   28.79449   1.545669    18.63   0.000     25.76504    31.82395
          5  |   27.60396    2.03995    13.53   0.000     23.60573    31.60219
          6  |   26.41342   2.552931    10.35   0.000     21.40977    31.41708
          7  |   25.22289    3.07527     8.20   0.000     19.19547    31.25031
          8  |   24.03235   3.602898     6.67   0.000      16.9708     31.0939
          9  |   22.84182    4.13379     5.53   0.000     14.73974     30.9439
         10  |   21.65128   4.666833     4.64   0.000     12.50446    30.79811
         11  |   20.46075   5.201365     3.93   0.000     10.26626    30.65523
------------------------------------------------------------------------------
(note: file temp1.dta not found)

Adjusted predictions                            Number of obs     =        271
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   32.91803    .740497    44.45   0.000     31.46668    34.36937
          2  |   33.32238   .7137429    46.69   0.000     31.92347    34.72129
          3  |   33.72673   .8300529    40.63   0.000     32.09985     35.3536
          4  |   34.13107   1.042599    32.74   0.000     32.08762    36.17453
          5  |   34.53542   1.305183    26.46   0.000     31.97731    37.09354
          6  |   34.93977   1.593254    21.93   0.000     31.81705    38.06249
          7  |   35.34412   1.895226    18.65   0.000     31.62955     39.0587
          8  |   35.74847   2.205395    16.21   0.000     31.42598    40.07097
          9  |   36.15282   2.520738    14.34   0.000     31.21227    41.09338
         10  |   36.55717   2.839531    12.87   0.000     30.99179    42.12255
         11  |   36.96152   3.160731    11.69   0.000      30.7666    43.15644
------------------------------------------------------------------------------
(note: file temp2.dta not found)
Warning: statistics differ for CA_cent: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_wage_reg1_yhat.pdf written in
>  PDF format)

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        271
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  15.055556
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9474
Estimated autocorrelations =         1          Wald chi2(28)     =   12622.16
Estimated coefficients     =        29          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   1.494761   3.074766     0.49   0.627     -4.53167    7.521191
            BB_dunning3 |  -.0101248   .0031077    -3.26   0.001    -.0162158   -.0040338
                        |
c.CA_cent#c.BB_dunning3 |   .0200573   .0067585     2.97   0.003     .0068109    .0333037
                        |
                  OB_01 |
 De facto crawling peg  |  -1.391396   .7305096    -1.90   0.057    -2.823168    .0403767
      Managed floating  |   .1379843   .8590399     0.16   0.872    -1.545703    1.821672
       Freely floating  |  -.0682849   .9053563    -0.08   0.940    -1.842751    1.706181
                        |
                 DA_pc8 |   .1479125   .1028851     1.44   0.151    -.0537386    .3495637
              DC_total1 |  -.4172367   .1175201    -3.55   0.000    -.6475719   -.1869016
            DD_overall2 |     .13751   .1256304     1.09   0.274    -.1087211    .3837412
               DE_total |    .309175   .0718094     4.31   0.000     .1684311     .449919
            DG_nominal1 |  -.1451708   .0157837    -9.20   0.000    -.1761063   -.1142352
               country2 |   24.46229   2.408211    10.16   0.000     19.74228    29.18229
               country3 |   56.83571   2.253877    25.22   0.000     52.41819    61.25323
               country4 |   21.17827   2.384963     8.88   0.000     16.50383    25.85272
               country5 |   26.40097   1.644317    16.06   0.000     23.17816    29.62377
               country6 |   24.18934   1.974158    12.25   0.000     20.32006    28.05862
               country7 |   13.64386   1.923429     7.09   0.000     9.874004    17.41371
               country8 |   13.90374    1.58336     8.78   0.000     10.80041    17.00707
               country9 |   65.35854   3.072231    21.27   0.000     59.33708    71.38001
              country10 |   13.74937   1.788935     7.69   0.000     10.24312    17.25562
              country11 |  -4.441896   1.900239    -2.34   0.019    -8.166297   -.7174949
              country12 |   44.57471    1.82407    24.44   0.000      40.9996    48.14982
              country13 |   13.34213   2.253232     5.92   0.000     8.925881    17.75839
              country14 |   18.02644   2.142946     8.41   0.000     13.82634    22.22654
              country15 |   27.18355   1.901153    14.30   0.000     23.45736    30.90975
              country16 |   22.43851   1.869403    12.00   0.000     18.77454    26.10247
              country17 |   12.05057   2.100206     5.74   0.000     7.934242     16.1669
              country18 |  -4.957828   2.150744    -2.31   0.021    -9.173208   -.7424474
                  _cons |  -1.992816   5.109761    -0.39   0.697    -12.00776    8.022131
------------------------+----------------------------------------------------------------
                    rho |   .6327048
-----------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        271
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |  -.0081191   .0024721    -3.28   0.001    -.0129644   -.0032737
          2  |  -.0063139   .0019238    -3.28   0.001    -.0100845   -.0025434
          3  |  -.0045088   .0014249    -3.16   0.002    -.0073015    -.001716
          4  |  -.0027036   .0010487    -2.58   0.010     -.004759   -.0006482
          5  |  -.0008984   .0009535    -0.94   0.346    -.0027672    .0009703
          6  |   .0009067   .0012077     0.75   0.453    -.0014603    .0032737
          7  |   .0027119   .0016576     1.64   0.102     -.000537    .0059608
          8  |    .004517   .0021856     2.07   0.039     .0002332    .0088008
          9  |   .0063222   .0027471     2.30   0.021     .0009381    .0117063
         10  |   .0081273    .003325     2.44   0.015     .0016105    .0146442
         11  |   .0099325   .0039121     2.54   0.011     .0022649    .0176001
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CA_cent
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_wage_reg2_margins.pdf written
>  in PDF format)

Adjusted predictions                            Number of obs     =        271
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   31.80199   .7254393    43.84   0.000     30.38015    33.22382
          2  |   30.12038   .7492544    40.20   0.000     28.65187    31.58889
          3  |   28.43877   1.059771    26.83   0.000     26.36166    30.51589
          4  |   26.75717   1.487097    17.99   0.000     23.84251    29.67182
          5  |   25.07556   1.956123    12.82   0.000     21.24163    28.90949
          6  |   23.39395   2.442946     9.58   0.000     18.60586    28.18204
          7  |   21.71234   2.938735     7.39   0.000     15.95253    27.47216
          8  |   20.03073   3.439616     5.82   0.000     13.28921    26.77226
          9  |   18.34913   3.943649     4.65   0.000     10.61972    26.07854
         10  |   16.66752   4.449762     3.75   0.000     7.946145    25.38889
         11  |   14.98591   4.957319     3.02   0.003     5.269744    24.70208
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        271
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   32.27595   .7046594    45.80   0.000     30.89484    33.65706
          2  |   32.34966   .6942968    46.59   0.000     30.98886    33.71045
          3  |   32.42336   .8044856    40.30   0.000      30.8466    34.00012
          4  |   32.49706   .9959878    32.63   0.000     30.54496    34.44916
          5  |   32.57077   1.231435    26.45   0.000      30.1572    34.98434
          6  |   32.64447    1.49014    21.91   0.000     29.72385    35.56509
          7  |   32.71818   1.761888    18.57   0.000     29.26494    36.17141
          8  |   32.79188   2.041477    16.06   0.000     28.79066     36.7931
          9  |   32.86558   2.326081    14.13   0.000     28.30655    37.42462
         10  |   32.93929   2.614062    12.60   0.000     27.81582    38.06276
         11  |   33.01299   2.904417    11.37   0.000     27.32044    38.70554
------------------------------------------------------------------------------
Warning: statistics differ for CA_cent: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_wage_reg2_yhat.pdf written in
>  PDF format)

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        269
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.944444
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9685
Estimated autocorrelations =         1          Wald chi2(24)     =   64475.52
Estimated coefficients     =        29          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -5.780891   3.553148    -1.63   0.104    -12.74493    1.183152
            BB_dunning3 |  -.0127714   .0034303    -3.72   0.000    -.0194946   -.0060481
                        |
c.CA_cent#c.BB_dunning3 |   .0183021   .0079917     2.29   0.022     .0026386    .0339656
                        |
                  OB_01 |
 De facto crawling peg  |   -1.54115   .6652842    -2.32   0.021    -2.845083   -.2372174
      Managed floating  |  -1.282405   1.079156    -1.19   0.235    -3.397512     .832701
       Freely floating  |   1.893393   1.192085     1.59   0.112    -.4430505    4.229836
                        |
                 DA_pc8 |  -.0358876   .0850305    -0.42   0.673    -.2025442    .1307691
              DC_total1 |  -.3267814   .1092975    -2.99   0.003    -.5410006   -.1125622
            DD_overall2 |   .1564261   .1115819     1.40   0.161    -.0622704    .3751226
               DE_total |   .0951714   .0548916     1.73   0.083    -.0124142    .2027569
            DG_nominal1 |   .0422689   .0189087     2.24   0.025     .0052085    .0793293
               country2 |    62.1607   3.415237    18.20   0.000     55.46696    68.85444
               country3 |   53.21044   2.160793    24.63   0.000     48.97537    57.44552
               country4 |   43.32896   2.419226    17.91   0.000     38.58736    48.07055
               country5 |   37.70703   2.029008    18.58   0.000     33.73025    41.68381
               country6 |   60.08118   1.773051    33.89   0.000     56.60606     63.5563
               country7 |   53.14688   2.187318    24.30   0.000     48.85982    57.43395
               country8 |   58.62051    1.88423    31.11   0.000     54.92749    62.31354
               country9 |   52.82041   2.592795    20.37   0.000     47.73863     57.9022
              country10 |   64.99934   1.966057    33.06   0.000     61.14594    68.85274
              country11 |   67.16448   2.601543    25.82   0.000     62.06555    72.26341
              country12 |   36.35926   2.739174    13.27   0.000     30.99058    41.72794
              country13 |   3.645616   2.694817     1.35   0.176    -1.636128     8.92736
              country14 |     8.9454   2.839658     3.15   0.002     3.379773    14.51103
              country15 |   58.02956   2.334102    24.86   0.000      53.4548    62.60432
              country16 |   65.52767   2.315907    28.29   0.000     60.98857    70.06676
              country17 |   54.30003   2.727444    19.91   0.000     48.95434    59.64573
              country18 |   49.27763    2.38304    20.68   0.000     44.60696     53.9483
                  _cons |   14.43059   4.242961     3.40   0.001     6.114538    22.74664
------------------------+----------------------------------------------------------------
                    rho |   .5512533
-----------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        269
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |  -.0109411   .0026794    -4.08   0.000    -.0161926   -.0056897
          2  |   -.009294   .0020352    -4.57   0.000    -.0132829    -.005305
          3  |  -.0076468   .0014628    -5.23   0.000    -.0105139   -.0047796
          4  |  -.0059996   .0010827    -5.54   0.000    -.0081217   -.0038774
          5  |  -.0043524   .0011133    -3.91   0.000    -.0065344   -.0021704
          6  |  -.0027052   .0015301    -1.77   0.077    -.0057041    .0002937
          7  |   -.001058    .002116    -0.50   0.617    -.0052054    .0030893
          8  |   .0005892   .0027656     0.21   0.831    -.0048313    .0060097
          9  |   .0022364    .003443     0.65   0.516    -.0045118    .0089845
         10  |   .0038835   .0041346     0.94   0.348    -.0042201    .0119872
         11  |   .0055307   .0048342     1.14   0.253    -.0039442    .0150057
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CA_cent
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_wage_reg3_margins.pdf written
>  in PDF format)

Adjusted predictions                            Number of obs     =        269
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   71.75184   .7432389    96.54   0.000     70.29512    73.20856
          2  |   69.24187   .6918438   100.08   0.000     67.88588    70.59785
          3  |   66.73189   .9952594    67.05   0.000     64.78122    68.68256
          4  |   64.22192   1.445021    44.44   0.000     61.38973    67.05411
          5  |   61.71194   1.941978    31.78   0.000     57.90574    65.51815
          6  |   59.20197   2.457666    24.09   0.000     54.38504    64.01891
          7  |     56.692   2.982384    19.01   0.000     50.84663    62.53736
          8  |   54.18202   3.512087    15.43   0.000     47.29846    61.06559
          9  |   51.67205   4.044817    12.77   0.000     43.74435    59.59975
         10  |   49.16208   4.579518    10.74   0.000     40.18639    58.13777
         11  |    46.6521   5.115572     9.12   0.000     36.62577    56.67844
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        269
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   69.92661   .6429632   108.76   0.000     68.66642    71.18679
          2  |   69.01153   .6178575   111.69   0.000     67.80055    70.22251
          3  |   68.09646   .7913323    86.05   0.000     66.54547    69.64744
          4  |   67.18138   1.070877    62.73   0.000      65.0825    69.28026
          5  |   66.26631   1.394081    47.53   0.000     63.53396    68.99866
          6  |   65.35123   1.736738    37.63   0.000     61.94729    68.75518
          7  |   64.43616   2.089299    30.84   0.000     60.34121    68.53111
          8  |   63.52109   2.447487    25.95   0.000      58.7241    68.31807
          9  |   62.60601   2.809151    22.29   0.000     57.10018    68.11185
         10  |   61.69094   3.173102    19.44   0.000     55.47177     67.9101
         11  |   60.77586   3.538635    17.17   0.000     53.84027    67.71146
------------------------------------------------------------------------------
Warning: statistics differ for CA_cent: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_wage_reg3_yhat.pdf written in
>  PDF format)

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Inequality
. 
. global exports_ineq_reg1 "xtpcse c.DB_exports_clean5 c.$IN##c.$NTR $controls_exports  , pair
> wise correlation(ar1)"

. global exports_ineq_reg2 "xtpcse c.DB_exports_clean6 c.$IN##c.$NTR $controls_exports  , pair
> wise correlation(ar1)"

. global exports_ineq_reg3 "xtpcse c.DB_manu1 c.$IN##c.$NTR $controls_exports  , pairwise corr
> elation(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${exports_ineq_reg`x'}
  3.         if _rc == 0 { 
  4.                 // marginal effects
.                 capture noisily margins , dydx($NTR) atmeans at($IN=($min2($step2)$max2)) no
> atlegend force
  5.                 capture noisily marginsplot     , recast(line) recastci(rarea) yline(0) t
> itle("") ytitle("Marginal effect of natural resources on exports") xtitle("Gini")
  6.                 capture noisily graph export "B_exports_ineq_reg`x'_margins.pdf", replace
  7.                 // predict y-hats
.                 capture noisily margins, atmeans at((p20) $IN $NTR=($min3($step3)$max3)) sav
> ing(temp1, replace) noatlegend force
  8.                 capture noisily margins, atmeans at((p80) $IN $NTR=($min3($step3)$max3)) 
> saving(temp2, replace) noatlegend force
  9.                 capture noisily combomarginsplot temp1 temp2 , labels("Low inequality" "H
> igh inequality" ) recast(line) recastci(rarea) ///
>                 file1opts(pstyle(p1)) file2opts(pstyle(p2)) plot1opts(lpattern("--")) ///
>                  lplot1(mfcolor(white)) legend(colfirst) ///
>                  title(" ") ytitle("Predicted exports") xtitle("Resource rents per capita")
 10.                 capture noisily graph export "B_exports_ineq_reg`x'_yhat.pdf", replace
 11.                 }
 12.         }
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        242
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.444444
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9603
Estimated autocorrelations =         1          Wald chi2(26)     =   53791.45
Estimated coefficients     =        29          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -65.95292   20.09041    -3.28   0.001    -105.3294   -26.57644
             BB_dunning3 |    .021296   .0096185     2.21   0.027     .0024441    .0401479
                         |
c.CC_gini3#c.BB_dunning3 |  -.0824294   .0357935    -2.30   0.021    -.1525834   -.0122755
                         |
                   OB_01 |
  De facto crawling peg  |  -.8420527   .7829142    -1.08   0.282    -2.376536     .692431
       Managed floating  |  -.6558787   1.484155    -0.44   0.659    -3.564769    2.253011
        Freely floating  |   .6997447   .9670179     0.72   0.469    -1.195576    2.595065
                         |
                  DA_pc8 |   .2136908   .1125313     1.90   0.058    -.0068665    .4342481
               DC_total1 |  -.3838331   .1201705    -3.19   0.001    -.6193629   -.1483033
             DD_overall2 |   .2071544   .1733702     1.19   0.232    -.1326449    .5469537
                DE_total |   .3680631   .0811529     4.54   0.000     .2090063    .5271198
             DG_nominal1 |   -.181963   .0168685   -10.79   0.000    -.2150247   -.1489013
                country2 |   18.44355   2.382956     7.74   0.000     13.77305    23.11406
                country3 |   52.28097   2.352625    22.22   0.000     47.66991    56.89203
                country4 |   16.90329   2.074936     8.15   0.000      12.8365    20.97009
                country5 |   17.61251   2.560588     6.88   0.000     12.59385    22.63117
                country6 |   17.76302   2.301781     7.72   0.000     13.25161    22.27443
                country7 |   9.514514     1.8027     5.28   0.000     5.981286    13.04774
                country8 |   7.854439    1.65339     4.75   0.000     4.613855    11.09502
                country9 |   64.49861   2.908952    22.17   0.000     58.79717    70.20005
               country10 |   12.13487   1.881794     6.45   0.000     8.446624    15.82312
               country11 |  -7.923905   1.911198    -4.15   0.000    -11.66978   -4.178026
               country12 |   41.30045   1.785739    23.13   0.000     37.80047    44.80044
               country13 |   14.30626   2.729089     5.24   0.000     8.957341    19.65518
               country14 |   12.91508   2.656815     4.86   0.000     7.707816    18.12234
               country15 |   20.24721   2.283493     8.87   0.000     15.77165    24.72278
               country16 |   20.35092   2.503713     8.13   0.000     15.44373    25.25811
               country17 |   12.83143   1.863965     6.88   0.000     9.178124    16.48473
               country18 |  -6.132757   1.749355    -3.51   0.000    -9.561429   -2.704084
                   _cons |   18.06981   7.226285     2.50   0.012     3.906555    32.23307
-------------------------+----------------------------------------------------------------
                     rho |   .5617004
------------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        242
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0048101   .0025729     1.87   0.062    -.0002328     .009853
          2  |   .0031615   .0019151     1.65   0.099     -.000592    .0069151
          3  |   .0015129   .0013192     1.15   0.251    -.0010726    .0040985
          4  |  -.0001357   .0009153    -0.15   0.882    -.0019296    .0016583
          5  |  -.0017843   .0009799    -1.82   0.069    -.0037048    .0001363
          6  |  -.0034328   .0014518    -2.36   0.018    -.0062782   -.0005874
          7  |  -.0050814   .0020688    -2.46   0.014    -.0091362   -.0010267
          8  |    -.00673   .0027345    -2.46   0.014    -.0120894   -.0013706
          9  |  -.0083786   .0034204    -2.45   0.014    -.0150826   -.0016747
         10  |  -.0100272   .0041166    -2.44   0.015    -.0180956   -.0019588
         11  |  -.0116758   .0048186    -2.42   0.015      -.02112   -.0022316
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CC_gini3
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_ineq_reg1_margins.pdf written
>  in PDF format)

Adjusted predictions                            Number of obs     =        242
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   36.45991   1.111987    32.79   0.000     34.28046    38.63937
          2  |   36.87748    1.18437    31.14   0.000     34.55616     39.1988
          3  |   37.29505   1.354282    27.54   0.000      34.6407    39.94939
          4  |   37.71262   1.590773    23.71   0.000     34.59476    40.83047
          5  |   38.13018   1.868735    20.40   0.000     34.46753    41.79283
          6  |   38.54775   2.172305    17.75   0.000     34.29011    42.80539
          7  |   38.96532   2.492144    15.64   0.000      34.0808    43.84983
          8  |   39.38288   2.822726    13.95   0.000     33.85044    44.91532
          9  |   39.80045   3.160683    12.59   0.000     33.60562    45.99527
         10  |   40.21802   3.503881    11.48   0.000     33.35054     47.0855
         11  |   40.63558   3.850919    10.55   0.000     33.08792    48.18325
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        242
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   30.52415   .9725414    31.39   0.000     28.61801     32.4303
          2  |   28.89417    1.12815    25.61   0.000     26.68304    31.10531
          3  |   27.26419   1.573437    17.33   0.000     24.18031    30.34807
          4  |   25.63421   2.134193    12.01   0.000     21.45127    29.81715
          5  |   24.00423   2.740429     8.76   0.000     18.63309    29.37538
          6  |   22.37425   3.367672     6.64   0.000     15.77374    28.97477
          7  |   20.74427   4.006067     5.18   0.000     12.89252    28.59602
          8  |   19.11429   4.651025     4.11   0.000     9.998452    28.23013
          9  |   17.48431   5.300149     3.30   0.001     7.096212    27.87241
         10  |   15.85433   5.952077     2.66   0.008     4.188476    27.52019
         11  |   14.22435   6.605979     2.15   0.031     1.276871    27.17183
------------------------------------------------------------------------------
Warning: statistics differ for CC_gini3: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_ineq_reg1_yhat.pdf written in
>  PDF format)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        242
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.444444
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9591
Estimated autocorrelations =         1          Wald chi2(27)     =   67860.90
Estimated coefficients     =        29          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -64.51888    20.2006    -3.19   0.001    -104.1113   -24.92643
             BB_dunning3 |   .0216724   .0089461     2.42   0.015     .0041383    .0392065
                         |
c.CC_gini3#c.BB_dunning3 |  -.0881204   .0332942    -2.65   0.008    -.1533759    -.022865
                         |
                   OB_01 |
  De facto crawling peg  |  -.8162346   .7803274    -1.05   0.296    -2.345648     .713179
       Managed floating  |  -.5506067   1.484221    -0.37   0.711    -3.459627    2.358414
        Freely floating  |   .8403997   .9617606     0.87   0.382    -1.044616    2.725416
                         |
                  DA_pc8 |   .1817873   .1083977     1.68   0.094    -.0306683    .3942429
               DC_total1 |  -.3936636   .1178794    -3.34   0.001     -.624703   -.1626241
             DD_overall2 |   .2184402   .1752749     1.25   0.213    -.1250923    .5619727
                DE_total |   .3652044   .0818869     4.46   0.000     .2047091    .5256997
             DG_nominal1 |  -.1774713   .0163643   -10.85   0.000    -.2095446   -.1453979
                country2 |   19.78181   2.469313     8.01   0.000     14.94204    24.62157
                country3 |   53.82259   2.406917    22.36   0.000     49.10512    58.54007
                country4 |     16.582   2.189481     7.57   0.000     12.29069     20.8733
                country5 |   19.00419   2.583388     7.36   0.000     13.94084    24.06754
                country6 |   18.26244   2.348999     7.77   0.000     13.65849     22.8664
                country7 |   10.94712   1.849466     5.92   0.000     7.322231    14.57201
                country8 |   9.178845   1.723409     5.33   0.000     5.801025    12.55666
                country9 |   65.69671    3.04604    21.57   0.000     59.72658    71.66684
               country10 |    13.5342   2.001293     6.76   0.000     9.611734    17.45666
               country11 |  -6.570409   1.957842    -3.36   0.001    -10.40771   -2.733109
               country12 |   41.63993   1.835548    22.69   0.000     38.04232    45.23754
               country13 |   13.91004   2.823748     4.93   0.000     8.375598    19.44449
               country14 |   13.34977   2.677367     4.99   0.000     8.102223    18.59731
               country15 |   21.00463   2.339307     8.98   0.000     16.41967    25.58959
               country16 |   21.54662   2.480122     8.69   0.000     16.68567    26.40757
               country17 |   13.77371   1.958909     7.03   0.000      9.93432     17.6131
               country18 |  -5.133265   1.846058    -2.78   0.005    -8.751472   -1.515058
                   _cons |   15.88725   7.193559     2.21   0.027      1.78813    29.98636
-------------------------+----------------------------------------------------------------
                     rho |    .591553
------------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        242
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0040483   .0023954     1.69   0.091    -.0006467    .0087433
          2  |   .0022859   .0017849     1.28   0.200    -.0012125    .0057844
          3  |   .0005235   .0012332     0.42   0.671    -.0018935    .0029405
          4  |  -.0012389   .0008615    -1.44   0.150    -.0029274    .0004496
          5  |  -.0030013   .0009222    -3.25   0.001    -.0048088   -.0011938
          6  |  -.0047637   .0013585    -3.51   0.000    -.0074264   -.0021011
          7  |  -.0065261   .0019307    -3.38   0.001    -.0103102   -.0027421
          8  |  -.0082885   .0025488    -3.25   0.001     -.013284   -.0032931
          9  |  -.0100509   .0031862    -3.15   0.002    -.0162957   -.0038062
         10  |  -.0118134   .0038333    -3.08   0.002    -.0193264   -.0043003
         11  |  -.0135758   .0044859    -3.03   0.002    -.0223679   -.0047836
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CC_gini3
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_ineq_reg2_margins.pdf written
>  in PDF format)

Adjusted predictions                            Number of obs     =        242
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   35.78646   1.110411    32.23   0.000     33.61009    37.96282
          2  |   35.93095   1.175664    30.56   0.000     33.62669    38.23521
          3  |   36.07543   1.327797    27.17   0.000       33.473    38.67787
          4  |   36.21992   1.541295    23.50   0.000     33.19904     39.2408
          5  |   36.36441   1.794386    20.27   0.000     32.84748    39.88134
          6  |    36.5089   2.072617    17.61   0.000     32.44664    40.57115
          7  |   36.65338   2.367138    15.48   0.000     32.01388    41.29289
          8  |   36.79787   2.672571    13.77   0.000     31.55973    42.03601
          9  |   36.94236   2.985567    12.37   0.000     31.09076    42.79396
         10  |   37.08685   3.303978    11.22   0.000     30.61117    43.56253
         11  |   37.23134   3.626378    10.27   0.000     30.12377    44.33891
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        242
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   29.97976   .9765387    30.70   0.000     28.06578    31.89374
          2  |   27.93534   1.116965    25.01   0.000     25.74612    30.12455
          3  |   25.89091   1.517731    17.06   0.000     22.91622    28.86561
          4  |   23.84649   2.030102    11.75   0.000     19.86756    27.82542
          5  |   21.80207   2.588635     8.42   0.000     16.72844     26.8757
          6  |   19.75764   3.169016     6.23   0.000     13.54649     25.9688
          7  |   17.71322   3.761143     4.71   0.000     10.34152    25.08493
          8  |    15.6688   4.360235     3.59   0.000     7.122894     24.2147
          9  |   13.62438    4.96377     2.74   0.006     3.895564    23.35319
         10  |   11.57995   5.570304     2.08   0.038     .6623564    22.49755
         11  |   9.535529   6.178954     1.54   0.123    -2.574999    21.64606
------------------------------------------------------------------------------
Warning: statistics differ for CC_gini3: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_ineq_reg2_yhat.pdf written in
>  PDF format)

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        240
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.333333
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9740
Estimated autocorrelations =         1          Wald chi2(24)     =  182868.29
Estimated coefficients     =        29          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -36.12227   20.92743    -1.73   0.084    -77.13929    4.894748
             BB_dunning3 |   .0285707   .0107104     2.67   0.008     .0075787    .0495626
                         |
c.CC_gini3#c.BB_dunning3 |  -.1263273   .0386353    -3.27   0.001    -.2020511   -.0506035
                         |
                   OB_01 |
  De facto crawling peg  |  -1.366878   .6821148    -2.00   0.045    -2.703799   -.0299576
       Managed floating  |  -1.954237   1.739816    -1.12   0.261    -5.364213    1.455739
        Freely floating  |   1.969289   1.223223     1.61   0.107    -.4281843    4.366763
                         |
                  DA_pc8 |  -.0046061   .0898556    -0.05   0.959    -.1807199    .1715077
               DC_total1 |  -.3058291   .0963309    -3.17   0.001    -.4946341   -.1170241
             DD_overall2 |   .3269921    .141703     2.31   0.021     .0492594    .6047249
                DE_total |   .0628517   .0615015     1.02   0.307    -.0576891    .1833924
             DG_nominal1 |   .0103523   .0192613     0.54   0.591    -.0273991    .0481036
                country2 |   51.80597   3.305109    15.67   0.000     45.32808    58.28387
                country3 |   46.01652   2.185866    21.05   0.000      41.7323    50.30074
                country4 |    37.0877   1.715412    21.62   0.000     33.72555    40.44985
                country5 |   27.99135   2.311795    12.11   0.000     23.46032    32.52239
                country6 |   52.56937    2.29602    22.90   0.000     48.06925    57.06948
                country7 |   48.17504    1.78465    26.99   0.000     44.67719    51.67289
                country8 |   51.67384   1.928911    26.79   0.000     47.89325    55.45444
                country9 |   47.41099   2.644922    17.93   0.000     42.22704    52.59494
               country10 |   61.70672   1.999403    30.86   0.000     57.78796    65.62547
               country11 |   62.25267   1.654347    37.63   0.000     59.01021    65.49513
               country12 |   28.96392   2.508686    11.55   0.000     24.04698    33.88085
               country13 |   2.039635   3.058071     0.67   0.505    -3.954074    8.033344
               country14 |   .3372086   3.306151     0.10   0.919    -6.142728    6.817145
               country15 |   49.82718    2.76925    17.99   0.000     44.39955    55.25481
               country16 |   54.39862   2.189918    24.84   0.000     50.10646    58.69078
               country17 |   52.83209   2.790748    18.93   0.000     47.36232    58.30185
               country18 |   47.32599   1.637783    28.90   0.000       44.116    50.53599
                   _cons |   30.58512   5.999498     5.10   0.000     18.82632    42.34392
-------------------------+----------------------------------------------------------------
                     rho |   .4966154
------------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        240
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0033052   .0031158     1.06   0.289    -.0028017    .0094121
          2  |   .0007787   .0024033     0.32   0.746    -.0039317     .005489
          3  |  -.0017479   .0017428    -1.00   0.316    -.0051637    .0016679
          4  |  -.0042744   .0012219    -3.50   0.000    -.0066693   -.0018795
          5  |   -.006801   .0010691    -6.36   0.000    -.0088963   -.0047056
          6  |  -.0093275   .0014096    -6.62   0.000    -.0120903   -.0065647
          7  |  -.0118541   .0020063    -5.91   0.000    -.0157863   -.0079218
          8  |  -.0143806    .002694    -5.34   0.000    -.0196607   -.0091005
          9  |  -.0169072   .0034182    -4.95   0.000    -.0236067   -.0102076
         10  |  -.0194337   .0041599    -4.67   0.000    -.0275869   -.0112805
         11  |  -.0219602   .0049112    -4.47   0.000    -.0315859   -.0123345
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CC_gini3
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_ineq_reg3_margins.pdf written
>  in PDF format)

Adjusted predictions                            Number of obs     =        240
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   72.99482   1.041714    70.07   0.000      70.9531    75.03655
          2  |   72.44268   1.101602    65.76   0.000     70.28358    74.60178
          3  |   71.89053   1.331507    53.99   0.000     69.28083    74.50024
          4  |   71.33839   1.662325    42.91   0.000     68.08029    74.59648
          5  |   70.78624   2.045669    34.60   0.000      66.7768    74.79568
          6  |   70.23409   2.457076    28.58   0.000     65.41831    75.04988
          7  |   69.68195   2.884565    24.16   0.000     64.02831    75.33559
          8  |    69.1298   3.321932    20.81   0.000     62.61894    75.64067
          9  |   68.57766   3.765736    18.21   0.000     61.19695    75.95837
         10  |   68.02551   4.213946    16.14   0.000     59.76633    76.28469
         11  |   67.47337    4.66529    14.46   0.000     58.32956    76.61717
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        240
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   69.81606   .9432187    74.02   0.000     67.96739    71.66474
          2  |   66.19568   1.033983    64.02   0.000     64.16911    68.22225
          3  |    62.5753   1.444061    43.33   0.000     59.74499     65.4056
          4  |   58.95491     1.9845    29.71   0.000     55.06536    62.84446
          5  |   55.33453   2.574472    21.49   0.000     50.28866     60.3804
          6  |   51.71415   3.186582    16.23   0.000     45.46856    57.95973
          7  |   48.09376   3.810175    12.62   0.000     40.62596    55.56157
          8  |   44.47338   4.440417    10.02   0.000     35.77032    53.17644
          9  |   40.85299   5.074831     8.05   0.000     30.90651    50.79948
         10  |   37.23261   5.712026     6.52   0.000     26.03725    48.42798
         11  |   33.61223   6.351167     5.29   0.000     21.16417    46.06029
------------------------------------------------------------------------------
Warning: statistics differ for CC_gini3: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_exports_ineq_reg3_yhat.pdf written in
>  PDF format)

. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Figure 8 & 9 / Table C
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Wage coordination
. 
. global wages_wage_reg1 "xtpcse c.DD_overall3 c.$WC##c.$NTR $controls_wages , pairwise correl
> ation(ar1)"

. global wages_wage_reg2 "xtpcse c.DD_rate1 c.$WC##c.$NTR $controls_wages , pairwise correlati
> on(ar1)"

. global wages_wage_reg3 "xtpcse c.DD_manu1 c.$WC##c.$NTR $controls_wages , pairwise correlati
> on(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${wages_wage_reg`x'}
  3.         if _rc == 0 { 
  4.                 // marginal effects
.                 capture noisily margins , dydx($NTR) atmeans at($WC=($min1($step1)$max1)) no
> atlegend force
  5.                 capture noisily marginsplot     , recast(line) recastci(rarea) yline(0) t
> itle("") ytitle("Marginal effect of natural resources on wages") xtitle("Degree of Wage Coor
> dination")
  6.                 capture noisily graph export "B_wages_wage_reg`x'_margins.pdf", replace
  7.                 // predict y-hats
.                 capture noisily margins, atmeans at((p20) $WC $NTR=($min3($step3)$max3)) sav
> ing(temp1, replace) noatlegend force
  8.                 capture noisily margins, atmeans at((p80) $WC $NTR=($min3($step3)$max3)) 
> saving(temp2, replace) noatlegend force
  9.                 capture noisily combomarginsplot temp1 temp2 , labels("Low wage-coordinat
> ion" "High wage-coordination" ) recast(line) recastci(rarea) ///
>                 file1opts(pstyle(p1)) file2opts(pstyle(p2)) plot1opts(lpattern("--")) ///
>                  lplot1(mfcolor(white)) legend(colfirst) ///
>                  title(" ") ytitle("Predicted wages") xtitle("Resource rents per capita")
 10.                 capture noisily graph export "B_wages_wage_reg`x'_yhat.pdf", replace
 11.                 }
 12.         }

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        199
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    12.4375
                                                              max =         31
Estimated covariances      =       136          R-squared         =     0.9025
Estimated autocorrelations =         1          Wald chi2(20)     =    7652.86
Estimated coefficients     =        24          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -27.93133   19.97788    -1.40   0.162    -67.08725    11.22459
            BB_dunning3 |   .0141991   .0066374     2.14   0.032       .00119    .0272083
                        |
c.CA_cent#c.BB_dunning3 |  -.0326788   .0127532    -2.56   0.010    -.0576746   -.0076829
                        |
             CA_golden3 |  -1.164605   35.26375    -0.03   0.974    -70.28028    67.95107
                 DA_pc8 |  -.8764804    .185222    -4.73   0.000    -1.239509   -.5134519
              DC_total1 |  -.1855974    .222072    -0.84   0.403    -.6208506    .2496557
               DE_total |    1.78404   .0635252    28.08   0.000     1.659533    1.908547
                DG_cpi5 |  -.7685569   .2416844    -3.18   0.001     -1.24225   -.2948641
               country2 |   11.15286   8.081543     1.38   0.168    -4.686675    26.99239
               country3 |   17.49331   4.674076     3.74   0.000     8.332286    26.65433
               country4 |  -13.74405   7.797796    -1.76   0.078    -29.02745    1.539353
               country5 |    12.7935   3.346618     3.82   0.000     6.234252    19.35275
               country6 |   6.655916   5.236227     1.27   0.204    -3.606902    16.91873
               country7 |  -4.780213   8.783128    -0.54   0.586    -21.99483     12.4344
               country8 |   18.10147   4.708178     3.84   0.000      8.87361    27.32933
               country9 |          0  (omitted)
              country10 |  -11.68298   6.221147    -1.88   0.060    -23.87621    .5102385
              country11 |  -3.456907   8.914116    -0.39   0.698    -20.92825    14.01444
              country12 |   4.139956   3.891423     1.06   0.287    -3.487094    11.76701
              country13 |          0  (omitted)
              country14 |   11.13951   3.589264     3.10   0.002     4.104683    18.17434
              country15 |  -1.964701   4.014528    -0.49   0.625    -9.833031    5.903629
              country16 |  -10.30083   8.182411    -1.26   0.208    -26.33806    5.736404
              country17 |  -6.463372   10.65726    -0.61   0.544    -27.35122    14.42448
              country18 |  -20.33985   10.07482    -2.02   0.043    -40.08613   -.5935761
                  _cons |  -42.48491   13.66105    -3.11   0.002    -69.26009   -15.70974
------------------------+----------------------------------------------------------------
                    rho |   .6345126
-----------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        199
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0109313   .0054181     2.02   0.044      .000312    .0215505
          2  |   .0079902   .0043482     1.84   0.066    -.0005322    .0165126
          3  |   .0050491   .0033307     1.52   0.130    -.0014789    .0115771
          4  |    .002108    .002432     0.87   0.386    -.0026586    .0068746
          5  |  -.0008331   .0018359    -0.45   0.650    -.0044313    .0027652
          6  |  -.0037742   .0018604    -2.03   0.042    -.0074206   -.0001278
          7  |  -.0067153   .0024873    -2.70   0.007    -.0115904   -.0018401
          8  |  -.0096563   .0033981    -2.84   0.004    -.0163166   -.0029961
          9  |  -.0125974   .0044207    -2.85   0.004    -.0212619    -.003933
         10  |  -.0155385    .005493    -2.83   0.005    -.0263046   -.0047725
         11  |  -.0184796   .0065907    -2.80   0.005    -.0313972    -.005562
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CA_cent
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_wage_reg1_margins.pdf written i
> n PDF format)

Adjusted predictions                            Number of obs     =        199
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   91.83372   3.449349    26.62   0.000     85.07312    98.59431
          2  |   94.14105   3.458643    27.22   0.000     87.36223    100.9199
          3  |   96.44838   3.883943    24.83   0.000       88.836    104.0608
          4  |   98.75572   4.611551    21.41   0.000     89.71725    107.7942
          5  |   101.0631   5.523258    18.30   0.000     90.23767    111.8884
          6  |   103.3704   6.542549    15.80   0.000     90.54723    116.1935
          7  |   105.6777   7.626409    13.86   0.000     90.73024    120.6252
          8  |   107.9851   8.750878    12.34   0.000     90.83365    125.1365
          9  |   110.2924   9.902131    11.14   0.000     90.88457    129.7002
         10  |   112.5997   11.07182    10.17   0.000     90.89936    134.3001
         11  |   114.9071   12.25466     9.38   0.000     90.88837    138.9258
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        199
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   82.33696   3.561614    23.12   0.000     75.35633     89.3176
          2  |   81.57769   3.455774    23.61   0.000      74.8045    88.35089
          3  |   80.81842   3.417108    23.65   0.000     74.12101    87.51583
          4  |   80.05915   3.447878    23.22   0.000     73.30143    86.81687
          5  |   79.29988   3.546277    22.36   0.000     72.34931    86.25046
          6  |   78.54061   3.706923    21.19   0.000     71.27518    85.80605
          7  |   77.78134   3.922174    19.83   0.000     70.09402    85.46866
          8  |   77.02207   4.183612    18.41   0.000     68.82234     85.2218
          9  |    76.2628   4.483162    17.01   0.000     67.47596    85.04963
         10  |   75.50353   4.813715    15.69   0.000     66.06882    84.93824
         11  |   74.74426   5.169328    14.46   0.000     64.61256    84.87595
------------------------------------------------------------------------------
Warning: statistics differ for CA_cent: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_wage_reg1_yhat.pdf written in P
> DF format)

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        131
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.916667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9235
Estimated autocorrelations =         1          Wald chi2(19)     =   32972.35
Estimated coefficients     =        20          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   7.534197   12.13134     0.62   0.535    -16.24279    31.31118
            BB_dunning3 |   .0322901     .01221     2.64   0.008     .0083589    .0562213
                        |
c.CA_cent#c.BB_dunning3 |  -.0655899   .0251213    -2.61   0.009    -.1148268    -.016353
                        |
             CA_golden3 |  -60.00438   32.81523    -1.83   0.067    -124.3211     4.31229
                 DA_pc8 |  -.3415325   .1993219    -1.71   0.087    -.7321962    .0491312
              DC_total1 |  -.1900251   .1802423    -1.05   0.292    -.5432935    .1632434
               DE_total |   1.138759   .0466729    24.40   0.000     1.047282    1.230237
                DG_cpi5 |  -.9824999   .2595791    -3.78   0.000    -1.491266   -.4737341
               country2 |   30.06382   5.318389     5.65   0.000     19.63996    40.48767
               country3 |   15.39935    2.27115     6.78   0.000     10.94797    19.85072
               country4 |          0  (omitted)
               country5 |   3.631858   2.539264     1.43   0.153    -1.345008    8.608724
               country6 |          0  (omitted)
               country7 |   11.79017   4.592149     2.57   0.010      2.78972    20.79061
               country8 |   13.51761   2.292772     5.90   0.000     9.023857    18.01136
               country9 |          0  (omitted)
              country10 |   7.945795   3.281916     2.42   0.015     1.513359    14.37823
              country11 |    33.3672   4.690051     7.11   0.000     24.17487    42.55953
              country12 |   11.97529   2.067535     5.79   0.000     7.922992    16.02758
              country13 |          0  (omitted)
              country14 |   4.112679   2.148139     1.91   0.056    -.0975967    8.322954
              country15 |     4.6786   2.111358     2.22   0.027     .5404135    8.816786
              country16 |          0  (omitted)
              country17 |    4.51533   5.720997     0.79   0.430    -6.697617    15.72828
              country18 |          0  (omitted)
                  _cons |  -37.43548   8.505124    -4.40   0.000    -54.10522   -20.76574
------------------------+----------------------------------------------------------------
                    rho |   .4092332
-----------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        131
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0257311   .0097004     2.65   0.008     .0067187    .0447435
          2  |    .019828   .0074431     2.66   0.008     .0052398    .0344162
          3  |   .0139249    .005189     2.68   0.007     .0037547    .0240951
          4  |   .0080218   .0029453     2.72   0.006     .0022492    .0137945
          5  |   .0021188   .0008048     2.63   0.008     .0005413    .0036962
          6  |  -.0037843   .0016865    -2.24   0.025    -.0070898   -.0004789
          7  |  -.0096874   .0039069    -2.48   0.013    -.0173449     -.00203
          8  |  -.0155905   .0061569    -2.53   0.011    -.0276579   -.0035232
          9  |  -.0214936   .0084128    -2.55   0.011    -.0379823   -.0050049
         10  |  -.0273967   .0106708    -2.57   0.010     -.048311   -.0064824
         11  |  -.0332998   .0129298    -2.58   0.010    -.0586417   -.0079579
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CA_cent
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_wage_reg2_margins.pdf written i
> n PDF format)

Adjusted predictions                            Number of obs     =        131
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   71.12459   2.191143    32.46   0.000     66.83003    75.41916
          2  |    76.1671   2.073468    36.73   0.000     72.10318    80.23102
          3  |   81.20961   3.307772    24.55   0.000      74.7265    87.69272
          4  |   86.25212   4.972661    17.35   0.000     76.50588    95.99836
          5  |   91.29463   6.757018    13.51   0.000     78.05111    104.5381
          6  |   96.33713   8.586685    11.22   0.000     79.50754    113.1667
          7  |   101.3796   10.43786     9.71   0.000     80.92181    121.8375
          8  |   106.4221   12.30084     8.65   0.000     82.31295    130.5314
          9  |   111.4647   14.17097     7.87   0.000     83.69007    139.2392
         10  |   116.5072   16.04574     7.26   0.000     85.05809    147.9562
         11  |   121.5497   17.92371     6.78   0.000     86.41985    156.6795
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        131
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   73.40397   1.538957    47.70   0.000     70.38767    76.42027
          2  |    72.9697   1.445177    50.49   0.000     70.13721     75.8022
          3  |   72.53544   1.390768    52.15   0.000     69.80958    75.26129
          4  |   72.10117   1.380395    52.23   0.000     69.39564    74.80669
          5  |    71.6669   1.415027    50.65   0.000      68.8935     74.4403
          6  |   71.23264   1.491532    47.76   0.000     68.30929    74.15598
          7  |   70.79837   1.603929    44.14   0.000     67.65472    73.94201
          8  |    70.3641   1.745298    40.32   0.000     66.94338    73.78482
          9  |   69.92984   1.909214    36.63   0.000     66.18785    73.67182
         10  |   69.49557   2.090379    33.25   0.000      65.3985    73.59264
         11  |    69.0613   2.284694    30.23   0.000     64.58338    73.53922
------------------------------------------------------------------------------
Warning: statistics differ for CA_cent: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_wage_reg2_yhat.pdf written in P
> DF format)
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         63
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =         21
                                                              max =         31
Estimated covariances      =         6          R-squared         =     0.9510
Estimated autocorrelations =         1          Wald chi2(10)     =    1293.43
Estimated coefficients     =        11          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |    182.196   47.43684     3.84   0.000     89.22145    275.1705
            BB_dunning3 |   .0444824   .0067401     6.60   0.000     .0312721    .0576927
                        |
c.CA_cent#c.BB_dunning3 |  -.1803566   .0314635    -5.73   0.000    -.2420239   -.1186892
                        |
             CA_golden3 |   39.29362   36.31113     1.08   0.279    -31.87488    110.4621
                 DA_pc8 |  -.9155414   .1534516    -5.97   0.000    -1.216301   -.6147818
              DC_total1 |  -.7806528   .1902254    -4.10   0.000    -1.153488   -.4078178
               DE_total |   1.476531   .0768694    19.21   0.000      1.32587    1.627192
                DG_cpi5 |  -1.108502   .2108613    -5.26   0.000    -1.521783   -.6952215
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |          0  (omitted)
               country5 |          0  (omitted)
               country6 |  -25.01899   7.300848    -3.43   0.001    -39.32839   -10.70959
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |   7.023495   6.065741     1.16   0.247     -4.86514    18.91213
                  _cons |  -89.17727   10.97381    -8.13   0.000    -110.6855   -67.66899
------------------------+----------------------------------------------------------------
                    rho |   .4777138
-----------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =         63
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0264467   .0040589     6.52   0.000     .0184913    .0344021
          2  |   .0102146   .0027102     3.77   0.000     .0049028    .0155264
          3  |  -.0060175   .0037752    -1.59   0.111    -.0134168    .0013818
          4  |  -.0222496   .0060989    -3.65   0.000    -.0342032   -.0102959
          5  |  -.0384817    .008728    -4.41   0.000    -.0555883   -.0213751
          6  |  -.0547138   .0114541    -4.78   0.000    -.0771635   -.0322641
          7  |  -.0709458   .0142216    -4.99   0.000    -.0988196   -.0430721
          8  |  -.0871779   .0170102    -5.13   0.000    -.1205173   -.0538386
          9  |    -.10341    .019811    -5.22   0.000     -.142239   -.0645811
         10  |  -.1196421   .0226196    -5.29   0.000    -.1639757   -.0753086
         11  |  -.1358742   .0254333    -5.34   0.000    -.1857225    -.086026
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CA_cent
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_wage_reg3_margins.pdf written i
> n PDF format)

Adjusted predictions                            Number of obs     =         63
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   37.45249   5.348352     7.00   0.000     26.96991    47.93507
          2  |   43.83976    5.04997     8.68   0.000       33.942    53.73752
          3  |   50.22703   4.942498    10.16   0.000     40.53991    59.91415
          4  |    56.6143   5.038168    11.24   0.000     46.73967    66.48893
          5  |   63.00157   5.326046    11.83   0.000     52.56272    73.44043
          6  |   69.38884    5.77747    12.01   0.000     58.06521    80.71248
          7  |   75.77611   6.357697    11.92   0.000     63.31526    88.23697
          8  |   82.16339    7.03493    11.68   0.000     68.37518    95.95159
          9  |   88.55066   7.783889    11.38   0.000     73.29451    103.8068
         10  |   94.93793   8.585825    11.06   0.000     78.11002    111.7658
         11  |   101.3252   9.427227    10.75   0.000     82.84817    119.8022
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =         63
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   86.51751   7.627524    11.34   0.000     71.56783    101.4672
          2  |   79.49955   7.157303    11.11   0.000     65.47149     93.5276
          3  |   72.48159   7.135276    10.16   0.000      58.4967    86.46647
          4  |   65.46363   7.565361     8.65   0.000     50.63579    80.29146
          5  |   58.44567   8.378217     6.98   0.000     42.02466    74.86667
          6  |   51.42771   9.475848     5.43   0.000     32.85539    70.00003
          7  |   44.40975   10.77154     4.12   0.000     23.29791    65.52159
          8  |   37.39179   12.20238     3.06   0.002     13.47557      61.308
          9  |   30.37383   13.72615     2.21   0.027     3.471071    57.27658
         10  |   23.35587   15.31514     1.53   0.127    -6.661262    53.37299
         11  |   16.33791   16.95103     0.96   0.335     -16.8855    49.56131
------------------------------------------------------------------------------
Warning: statistics differ for CA_cent: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_wage_reg3_yhat.pdf written in P
> DF format)

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Inequality
. 
. global wages_ineq_reg1 "xtpcse c.DD_overall3 c.$IN##c.$NTR $controls_wages , pairwise correl
> ation(ar1)"

. global wages_ineq_reg2 "xtpcse c.DD_rate1 c.$IN##c.$NTR $controls_wages , pairwise correlati
> on(ar1)"

. global wages_ineq_reg3 "xtpcse c.DD_manu1 c.$IN##c.$NTR $controls_wages , pairwise correlati
> on(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${wages_ineq_reg`x'}
  3.         if _rc == 0 { 
  4.                 // marginal effects
.                 capture noisily margins , dydx($NTR) atmeans at($IN=($min2($step2)$max2)) no
> atlegend force
  5.                 capture noisily marginsplot     , recast(line) recastci(rarea) yline(0) t
> itle("") ytitle("Marginal effect of natural resources on wages") xtitle("Gini")
  6.                 capture noisily graph export "B_wages_ineq_reg`x'_margins.pdf", replace
  7.                 // predict y-hats
.                 capture noisily margins, atmeans at((p20) $IN $NTR=($min3($step3)$max3)) sav
> ing(temp1, replace) noatlegend force
  8.                 capture noisily margins, atmeans at((p80) $IN $NTR=($min3($step3)$max3)) 
> saving(temp2, replace) noatlegend force
  9.                 capture noisily combomarginsplot temp1 temp2 , labels("Low inequality" "H
> igh inequality" ) recast(line) recastci(rarea) ///
>                 file1opts(pstyle(p1)) file2opts(pstyle(p2)) plot1opts(lpattern("--")) ///
>                  lplot1(mfcolor(white)) legend(colfirst) ///
>                  title(" ") ytitle("Predicted wages") xtitle("Resource rents per capita")
 10.                 capture noisily graph export "B_wages_ineq_reg`x'_yhat.pdf", replace
 11.                 }
 12.         }

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        177
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =       11.8
                                                              max =         26
Estimated covariances      =       120          R-squared         =     0.9037
Estimated autocorrelations =         1          Wald chi2(19)     =   43245.90
Estimated coefficients     =        23          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   179.7145   40.57636     4.43   0.000     100.1863    259.2427
             BB_dunning3 |  -.0348108   .0116983    -2.98   0.003    -.0577391   -.0118825
                         |
c.CC_gini3#c.BB_dunning3 |    .127396   .0455127     2.80   0.005     .0381928    .2165993
                         |
              CA_golden3 |   12.03853   31.21676     0.39   0.700     -49.1452    73.22225
                  DA_pc8 |  -.7480306   .1817811    -4.12   0.000    -1.104315   -.3917462
               DC_total1 |  -.2004864   .1955832    -1.03   0.305    -.5838224    .1828497
                DE_total |   1.480379   .0536862    27.57   0.000     1.375156    1.585602
                 DG_cpi5 |  -.7349852   .2437698    -3.02   0.003    -1.212765   -.2572052
                country2 |   9.136194   4.012036     2.28   0.023     1.272748    16.99964
                country3 |   19.88215   3.582493     5.55   0.000      12.8606    26.90371
                country4 |  -2.768615   3.682394    -0.75   0.452    -9.985974    4.448744
                country5 |   23.53463   4.347275     5.41   0.000     15.01413    32.05513
                country6 |   19.97346   4.490304     4.45   0.000     11.17263     28.7743
                country7 |   3.660637   3.272156     1.12   0.263     -2.75267    10.07394
                country8 |   26.26937   3.494016     7.52   0.000     19.42123    33.11752
                country9 |          0  (omitted)
               country10 |  -11.40329    3.64659    -3.13   0.002    -18.55047   -4.256103
               country11 |  -1.383107   4.380083    -0.32   0.752    -9.967912    7.201698
               country12 |   5.932589   3.488086     1.70   0.089    -.9039328    12.76911
               country13 |          0  (omitted)
               country14 |    15.6335   4.175818     3.74   0.000     7.449045    23.81795
               country15 |   12.14219   6.062016     2.00   0.045     .2608537    24.02352
               country16 |          0  (omitted)
               country17 |  -5.368971   3.716567    -1.44   0.149    -12.65331    1.915365
               country18 |  -16.92312   3.531361    -4.79   0.000    -23.84445   -10.00178
                   _cons |  -83.44443   13.31413    -6.27   0.000    -109.5396   -57.34922
-------------------------+----------------------------------------------------------------
                     rho |   .5804078
------------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        177
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |  -.0093316   .0029789    -3.13   0.002    -.0151701   -.0034931
          2  |  -.0067837   .0022782    -2.98   0.003    -.0112489   -.0023185
          3  |  -.0042358   .0017787    -2.38   0.017     -.007722   -.0007495
          4  |  -.0016878   .0016717    -1.01   0.313    -.0049643    .0015886
          5  |   .0008601   .0020205     0.43   0.670       -.0031    .0048202
          6  |    .003408   .0026509     1.29   0.199    -.0017877    .0086037
          7  |   .0059559   .0034102     1.75   0.081    -.0007279    .0126398
          8  |   .0085038   .0042295     2.01   0.044     .0002142    .0167935
          9  |   .0110518   .0050799     2.18   0.030     .0010954    .0210081
         10  |   .0135997    .005948     2.29   0.022     .0019419    .0252575
         11  |   .0161476   .0068271     2.37   0.018     .0027668    .0295284
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CC_gini3
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_ineq_reg1_margins.pdf written i
> n PDF format)

Adjusted predictions                            Number of obs     =        177
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   80.79127   2.182954    37.01   0.000     76.51276    85.06978
          2  |   79.48156   2.206385    36.02   0.000     75.15712    83.80599
          3  |   78.17184   2.344045    33.35   0.000      73.5776    82.76609
          4  |   76.86213   2.577698    29.82   0.000     71.80993    81.91432
          5  |   75.55241   2.884108    26.20   0.000     69.89966    81.20516
          6  |   74.24269   3.242714    22.90   0.000     67.88709    80.59829
          7  |   72.93298   3.638114    20.05   0.000      65.8024    80.06355
          8  |   71.62326   4.059572    17.64   0.000     63.66665    79.57988
          9  |   70.31354   4.499771    15.63   0.000     61.49415    79.13293
         10  |   69.00383   4.953718    13.93   0.000     59.29472    78.71294
         11  |   67.69411   5.417959    12.49   0.000     57.07511    78.31312
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        177
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   98.40329   2.047503    48.06   0.000     94.39026    102.4163
          2  |   100.5394   1.884075    53.36   0.000     96.84667    104.2321
          3  |   102.6755    2.30651    44.52   0.000      98.1548    107.1962
          4  |   104.8116   3.082696    34.00   0.000     98.76959    110.8535
          5  |   106.9477   4.012334    26.65   0.000     99.08363    114.8117
          6  |   109.0837   5.010729    21.77   0.000      99.2629    118.9046
          7  |   111.2198   6.043903    18.40   0.000     99.37401    123.0657
          8  |   113.3559   7.096683    15.97   0.000     99.44669    127.2652
          9  |    115.492   8.161484    14.15   0.000     99.49581    131.4882
         10  |   117.6281   9.234149    12.74   0.000     99.52951    135.7267
         11  |   119.7642   10.31223    11.61   0.000     99.55262    139.9758
------------------------------------------------------------------------------
Warning: statistics differ for CC_gini3: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_ineq_reg1_yhat.pdf written in P
> DF format)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.666667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9395
Estimated autocorrelations =         1          Wald chi2(19)     =  114849.48
Estimated coefficients     =        20          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   145.9564    25.5381     5.72   0.000     95.90263    196.0101
             BB_dunning3 |  -.0216831   .0112592    -1.93   0.054    -.0437509    .0003846
                         |
c.CC_gini3#c.BB_dunning3 |   .0848853   .0421184     2.02   0.044     .0023347    .1674359
                         |
              CA_golden3 |  -10.58397   26.13369    -0.40   0.685    -61.80505    40.63712
                  DA_pc8 |  -.3987324   .1797046    -2.22   0.026    -.7509471   -.0465178
               DC_total1 |   .0169732   .1660135     0.10   0.919    -.3084072    .3423537
                DE_total |    1.05332    .036575    28.80   0.000     .9816342    1.125006
                 DG_cpi5 |  -.4488869   .2159306    -2.08   0.038    -.8721031   -.0256706
                country2 |   45.22166   2.954637    15.31   0.000     39.43068    51.01264
                country3 |   18.85376   2.292991     8.22   0.000     14.35958    23.34793
                country4 |          0  (omitted)
                country5 |   18.64426   3.831817     4.87   0.000     11.13404    26.15448
                country6 |          0  (omitted)
                country7 |   12.60755   2.200406     5.73   0.000     8.294838    16.92027
                country8 |   20.69844   2.397929     8.63   0.000     15.99859     25.3983
                country9 |          0  (omitted)
               country10 |   3.968993   2.536246     1.56   0.118    -1.001958    8.939945
               country11 |   32.92702   2.677736    12.30   0.000     27.67876    38.17529
               country12 |   18.38423   2.472467     7.44   0.000     13.53828    23.23017
               country13 |          0  (omitted)
               country14 |   12.80949   3.308033     3.87   0.000     6.325868    19.29312
               country15 |   19.37684   4.053575     4.78   0.000     11.43198     27.3217
               country16 |          0  (omitted)
               country17 |  -2.316078   2.254554    -1.03   0.304    -6.734923    2.102767
               country18 |          0  (omitted)
                   _cons |  -75.12081   8.926672    -8.42   0.000    -92.61676   -57.62485
-------------------------+----------------------------------------------------------------
                     rho |   .5414125
------------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        128
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |  -.0047061   .0028693    -1.64   0.101    -.0103298    .0009176
          2  |  -.0030084   .0020456    -1.47   0.141    -.0070177    .0010009
          3  |  -.0013107   .0012471    -1.05   0.293     -.003755    .0011337
          4  |   .0003871   .0005876     0.66   0.510    -.0007646    .0015387
          5  |   .0020848   .0007446     2.80   0.005     .0006254    .0035442
          6  |   .0037825   .0014774     2.56   0.010     .0008868    .0066782
          7  |   .0054802    .002287     2.40   0.017     .0009978    .0099626
          8  |   .0071779    .003114     2.31   0.021     .0010746    .0132812
          9  |   .0088756   .0039475     2.25   0.025     .0011386    .0166126
         10  |   .0105733   .0047841     2.21   0.027     .0011966      .01995
         11  |    .012271   .0056225     2.18   0.029     .0012512    .0232908
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CC_gini3
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_ineq_reg2_margins.pdf written i
> n PDF format)

Adjusted predictions                            Number of obs     =        128
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   69.80523    .714429    97.71   0.000     68.40498    71.20549
          2  |   69.91206   .7491778    93.32   0.000      68.4437    71.38042
          3  |   70.01889   .8153103    85.88   0.000     68.42091    71.61687
          4  |   70.12572   .9059798    77.40   0.000     68.35003     71.9014
          5  |   70.23254   1.014629    69.22   0.000      68.2439    72.22118
          6  |   70.33937   1.136112    61.91   0.000     68.11263    72.56611
          7  |    70.4462   1.266742    55.61   0.000     67.96343    72.92896
          8  |   70.55302   1.403967    50.25   0.000      67.8013    73.30475
          9  |   70.65985   1.546033    45.70   0.000     67.62968    73.69002
         10  |   70.76668    1.69172    41.83   0.000     67.45097    74.08239
         11  |    70.8735   1.840168    38.51   0.000     67.26684    74.48017
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        128
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |    78.2707   .8857136    88.37   0.000     76.53474    80.00667
          2  |   79.73638   1.151801    69.23   0.000     77.47889    81.99386
          3  |   81.20205   1.615389    50.27   0.000     78.03594    84.36815
          4  |   82.66772   2.152441    38.41   0.000     78.44901    86.88643
          5  |   84.13339   2.719781    30.93   0.000     78.80272    89.46406
          6  |   85.59906   3.301832    25.92   0.000     79.12759    92.07053
          7  |   87.06473   3.891999    22.37   0.000     79.43655    94.69291
          8  |    88.5304   4.487082    19.73   0.000     79.73588    97.32492
          9  |   89.99607   5.085356    17.70   0.000     80.02896    99.96319
         10  |   91.46175   5.685812    16.09   0.000     80.31776    102.6057
         11  |   92.92742   6.287826    14.78   0.000     80.60351    105.2513
------------------------------------------------------------------------------
Warning: statistics differ for CC_gini3: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_ineq_reg2_yhat.pdf written in P
> DF format)
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         58
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  19.333333
                                                              max =         26
Estimated covariances      =         6          R-squared         =     0.9198
Estimated autocorrelations =         1          Wald chi2(10)     =     808.34
Estimated coefficients     =        11          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -115.9913   99.28931    -1.17   0.243    -310.5947     78.6122
             BB_dunning3 |  -.1026965   .0375871    -2.73   0.006    -.1763659   -.0290271
                         |
c.CC_gini3#c.BB_dunning3 |   .3399623    .117012     2.91   0.004     .1106229    .5693017
                         |
              CA_golden3 |   48.50413   33.44607     1.45   0.147    -17.04896    114.0572
                  DA_pc8 |  -.8423027    .154418    -5.45   0.000    -1.144957   -.5396489
               DC_total1 |  -.6752294   .1463622    -4.61   0.000    -.9620941   -.3883646
                DE_total |   1.524541   .1585552     9.62   0.000     1.213778    1.835303
                 DG_cpi5 |  -1.006325   .2158719    -4.66   0.000    -1.429426   -.5832238
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |          0  (omitted)
                country5 |          0  (omitted)
                country6 |  -9.754376   6.032675    -1.62   0.106     -21.5782    2.069451
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |  -7.577513   7.304834    -1.04   0.300    -21.89472    6.739698
                   _cons |  -12.40555   17.80275    -0.70   0.486    -47.29829    22.48719
-------------------------+----------------------------------------------------------------
                     rho |   .4797066
------------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =         58
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   -.034704   .0144237    -2.41   0.016     -.062974   -.0064341
          2  |  -.0279048   .0121578    -2.30   0.022    -.0517337   -.0040759
          3  |  -.0211056   .0099265    -2.13   0.033    -.0405612   -.0016499
          4  |  -.0143063   .0077596    -1.84   0.065    -.0295149    .0009023
          5  |  -.0075071   .0057308    -1.31   0.190    -.0187391     .003725
          6  |  -.0007078   .0040527    -0.17   0.861     -.008651    .0072354
          7  |   .0060914   .0033108     1.84   0.066    -.0003976    .0125805
          8  |   .0128907    .004056     3.18   0.001      .004941    .0208404
          9  |   .0196899   .0057354     3.43   0.001     .0084487    .0309311
         10  |   .0264892   .0077648     3.41   0.001     .0112705    .0417079
         11  |   .0332884   .0099319     3.35   0.001     .0138223    .0527546
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CC_gini3
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_ineq_reg3_margins.pdf written i
> n PDF format)

Adjusted predictions                            Number of obs     =         58
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   69.59304   6.093641    11.42   0.000     57.64972    81.53635
          2  |   63.39258   6.339514    10.00   0.000     50.96737     75.8178
          3  |   57.19213   7.721822     7.41   0.000     42.05764    72.32663
          4  |   50.99168    9.76953     5.22   0.000     31.84376    70.13961
          5  |   44.79123   12.15076     3.69   0.000     20.97618    68.60629
          6  |   38.59078   14.70437     2.62   0.009     9.770751    67.41081
          7  |   32.39033   17.35442     1.87   0.062    -1.623709    66.40437
          8  |   26.18988   20.06274     1.31   0.192    -13.13237    65.51213
          9  |   19.98943   22.80858     0.88   0.381    -24.71456    64.69343
         10  |   13.78898   25.57986     0.54   0.590    -36.34662    63.92458
         11  |   7.588531   28.36912     0.27   0.789    -48.01393    63.19099
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =         58
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   56.60201   5.366728    10.55   0.000     46.08342    67.12061
          2  |   60.91048   5.253466    11.59   0.000     50.61388    71.20708
          3  |   65.21894   5.450161    11.97   0.000     54.53682    75.90106
          4  |   69.52741    5.92603    11.73   0.000      57.9126    81.14221
          5  |   73.83587    6.62115    11.15   0.000     60.85866    86.81309
          6  |   78.14434     7.4746    10.45   0.000     63.49439    92.79428
          7  |    82.4528   8.438476     9.77   0.000     65.91369    98.99191
          8  |   86.76127   9.479153     9.15   0.000     68.18247    105.3401
          9  |   91.06973   10.57398     8.61   0.000     70.34511    111.7943
         10  |   95.37819   11.70777     8.15   0.000     72.43138     118.325
         11  |   99.68666   12.87024     7.75   0.000     74.46145    124.9119
------------------------------------------------------------------------------
Warning: statistics differ for CC_gini3: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_wages_ineq_reg3_yhat.pdf written in P
> DF format)

. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Figure 10 & 11 / Table D
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Wage coordination
. 
. global reer_wage_reg1 "xtpcse c.DG_reer2 c.$WC##c.$NTR $controls_reer , pairwise correlation
> (ar1)"

. global reer_wage_reg2 "xtpcse c.DG_reer1 c.$WC##c.$NTR $controls_reer , pairwise correlation
> (ar1)"

. 
. forvalues x=1/2 {
  2.         capture noisily ${reer_wage_reg`x'}
  3.         if _rc == 0 { 
  4.                 // marginal effects
.                 capture noisily margins , dydx($NTR) atmeans at($WC=($min1($step1)$max1)) no
> atlegend force
  5.                 capture noisily marginsplot     , recast(line) recastci(rarea) yline(0) t
> itle("") ytitle("Marginal effect of natural resources on exchange rate") xtitle("Degree of W
> age Coordination")
  6.                 capture noisily graph export "B_reer_wage_reg`x'_margins.pdf", replace
  7.                 // predict y-hats
.                 capture noisily margins, atmeans at((p20) $WC $NTR=($min3($step3)$max3)) sav
> ing(temp1, replace) noatlegend force
  8.                 capture noisily margins, atmeans at((p80) $WC $NTR=($min3($step3)$max3)) 
> saving(temp2, replace) noatlegend force
  9.                 capture noisily combomarginsplot temp1 temp2 , labels("Low wage-coordinat
> ion" "High wage-coordination" ) recast(line) recastci(rarea) ///
>                 file1opts(pstyle(p1)) file2opts(pstyle(p2)) plot1opts(lpattern("--")) ///
>                  lplot1(mfcolor(white)) legend(colfirst) ///
>                  title(" ") ytitle("Predicted exchange rate") xtitle("Resource rents per cap
> ita")
 10.                 capture noisily graph export "B_reer_wage_reg`x'_yhat.pdf", replace
 11.                 }
 12.         }

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        160
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =         10
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8460
Estimated autocorrelations =         1          Wald chi2(24)     =   82388.94
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   43.24916   21.16703     2.04   0.041      1.76253    84.73578
            BB_dunning3 |   .0672626   .0304718     2.21   0.027      .007539    .1269863
                        |
c.CA_cent#c.BB_dunning3 |  -.1381043   .0540979    -2.55   0.011    -.2441343   -.0320743
                        |
                BA_cbi2 |  -10.21044   4.826293    -2.12   0.034     -19.6698   -.7510841
             DA_relprod |   116.2453   43.30378     2.68   0.007     31.37148    201.1192
                 DA_pc8 |  -1.108627   .4156729    -2.67   0.008    -1.923331   -.2939232
                DG_cpi5 |   .1379842   .2004395     0.69   0.491      -.25487    .5308385
            DG_nominal1 |   .9766378   .1090831     8.95   0.000     .7628389    1.190437
                        |
                  OB_01 |
 De facto crawling peg  |  -3.301549   6.283437    -0.53   0.599    -15.61686     9.01376
      Managed floating  |   6.764565   4.335267     1.56   0.119    -1.732401    15.26153
       Freely floating  |  -45.81897   18.99608    -2.41   0.016     -83.0506    -8.58735
                        |
               country2 |  -29.58416    22.4094    -1.32   0.187    -73.50578    14.33747
               country3 |  -15.97229   12.49622    -1.28   0.201    -40.46442    8.519844
               country4 |  -38.04907   23.25743    -1.64   0.102    -83.63279    7.534649
               country5 |  -11.07488   7.212373    -1.54   0.125    -25.21087    3.061111
               country6 |   11.49894   15.13023     0.76   0.447    -18.15576    41.15364
               country7 |          0  (omitted)
               country8 |    50.9585   16.61804     3.07   0.002     18.38774    83.52927
               country9 |          0  (omitted)
              country10 |  -36.22427   17.80417    -2.03   0.042    -71.11981    -1.32873
              country11 |   61.95414   12.66813     4.89   0.000     37.12506    86.78322
              country12 |   -1.38316   9.662671    -0.14   0.886    -20.32165    17.55533
              country13 |  -20.74339   11.59228    -1.79   0.074    -43.46385    1.977072
              country14 |  -45.06473   16.03479    -2.81   0.005    -76.49234   -13.63712
              country15 |   1.178752    18.9869     0.06   0.950    -36.03489    38.39239
              country16 |          0  (omitted)
              country17 |  -40.39346   13.10913    -3.08   0.002    -66.08688   -14.70005
              country18 |   61.21862    16.7408     3.66   0.000     28.40725    94.02998
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5599415
-----------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        160
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0534522   .0250944     2.13   0.033     .0042681    .1026363
          2  |   .0410228   .0202695     2.02   0.043     .0012954    .0807503
          3  |   .0285934   .0154721     1.85   0.065    -.0017313    .0589181
          4  |   .0161641   .0107391     1.51   0.132    -.0048843    .0372124
          5  |   .0037347   .0062196     0.60   0.548    -.0084556    .0159249
          6  |  -.0086947    .003074    -2.83   0.005    -.0147196   -.0026699
          7  |  -.0211241    .005256    -4.02   0.000    -.0314256   -.0108226
          8  |  -.0335535   .0096546    -3.48   0.001    -.0524763   -.0146307
          9  |  -.0459829     .01436    -3.20   0.001     -.074128   -.0178378
         10  |  -.0584123   .0191473    -3.05   0.002    -.0959402   -.0208843
         11  |  -.0708416   .0239674    -2.96   0.003    -.1178169   -.0238664
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CA_cent
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_reer_wage_reg1_margins.pdf written in
>  PDF format)

Adjusted predictions                            Number of obs     =        160
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   89.89323   5.065825    17.75   0.000      79.9644    99.82207
          2  |     99.971   4.540552    22.02   0.000     91.07168    108.8703
          3  |   110.0488   8.237277    13.36   0.000       93.904    126.1935
          4  |   120.1265   12.93719     9.29   0.000      94.7701     145.483
          5  |   130.2043   17.86536     7.29   0.000     95.18883    165.2198
          6  |   140.2821   22.87474     6.13   0.000      95.4484    185.1157
          7  |   150.3598   27.92164     5.39   0.000     95.63442    205.0852
          8  |   160.4376   32.98886     4.86   0.000     95.78063    225.0946
          9  |   170.5154   38.06827     4.48   0.000     95.90293    245.1278
         10  |   180.5931   43.15558     4.18   0.000     96.00975    265.1765
         11  |   190.6709   48.24828     3.95   0.000       96.106    285.2358
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        160
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   103.8979   3.649664    28.47   0.000     96.74471    111.0511
          2  |   101.6329    3.40875    29.82   0.000     94.95191     108.314
          3  |   99.36795   3.375999    29.43   0.000     92.75112    105.9848
          4  |   97.10297   3.557166    27.30   0.000     90.13105    104.0749
          5  |   94.83799   3.922723    24.18   0.000     87.14959    102.5264
          6  |   92.57301   4.427228    20.91   0.000      83.8958    101.2502
          7  |   90.30802   5.029037    17.96   0.000     80.45129    100.1648
          8  |   88.04304   5.697397    15.45   0.000     76.87635    99.20974
          9  |   85.77806   6.411531    13.38   0.000     73.21169    98.34443
         10  |   83.51308    7.15775    11.67   0.000     69.48415    97.54201
         11  |    81.2481   7.926999    10.25   0.000     65.71146    96.78473
------------------------------------------------------------------------------
Warning: statistics differ for CA_cent: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_reer_wage_reg1_yhat.pdf written in PD
> F format)

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        227
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =    14.1875
                                                              max =         22
Estimated covariances      =       136          R-squared         =     0.8476
Estimated autocorrelations =         1          Wald chi2(22)     =  329129.50
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   17.35717   14.00098     1.24   0.215    -10.08425    44.79858
            BB_dunning3 |    .072932   .0138524     5.26   0.000     .0457818    .1000822
                        |
c.CA_cent#c.BB_dunning3 |  -.1252967   .0242093    -5.18   0.000     -.172746   -.0778474
                        |
                BA_cbi2 |   15.59833   1.931777     8.07   0.000     11.81212    19.38454
             DA_relprod |  -68.64411   18.47391    -3.72   0.000    -104.8523   -32.43591
                 DA_pc8 |    .078422   .1801519     0.44   0.663    -.2746693    .4315133
                DG_cpi5 |  -.1956068   .1380333    -1.42   0.156    -.4661471    .0749334
            DG_nominal1 |   .4176529   .0597942     6.98   0.000     .3004584    .5348475
                        |
                  OB_01 |
 De facto crawling peg  |   2.646593   1.785896     1.48   0.138    -.8536998    6.146885
      Managed floating  |   3.679781   2.627368     1.40   0.161    -1.469766    8.829328
       Freely floating  |    41.1177   9.212334     4.46   0.000     23.06186    59.17355
                        |
               country2 |   20.98933   11.76661     1.78   0.074    -2.072796    44.05145
               country3 |    26.1032   4.991904     5.23   0.000     16.31924    35.88715
               country4 |   34.56879   10.25609     3.37   0.001     14.46723    54.67036
               country5 |   -3.28655   4.543384    -0.72   0.469    -12.19142    5.618319
               country6 |   45.57997   6.729169     6.77   0.000     32.39104     58.7689
               country7 |          0  (omitted)
               country8 |  -32.75791   8.178991    -4.01   0.000    -48.78843   -16.72738
               country9 |          0  (omitted)
              country10 |   42.61687   7.691929     5.54   0.000     27.54097    57.69278
              country11 |   15.88783   8.713306     1.82   0.068    -1.189937     32.9656
              country12 |   6.882137   4.629852     1.49   0.137    -2.192207    15.95648
              country13 |   2.996194    5.67909     0.53   0.598    -8.134618    14.12701
              country14 |   22.37232   8.437544     2.65   0.008     5.835042     38.9096
              country15 |   46.45884   8.577215     5.42   0.000     29.64781    63.26987
              country16 |          0  (omitted)
              country17 |   36.81278   6.640317     5.54   0.000     23.79799    49.82756
              country18 |  -18.19697   10.05038    -1.81   0.070    -37.89535    1.501407
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .6129238
-----------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        227
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0604023   .0114545     5.27   0.000     .0379519    .0828528
          2  |   .0491256   .0093066     5.28   0.000     .0308849    .0673663
          3  |   .0378489   .0071774     5.27   0.000     .0237814    .0519164
          4  |   .0265722   .0050904     5.22   0.000     .0165952    .0365492
          5  |   .0152955   .0031311     4.89   0.000     .0091586    .0214324
          6  |   .0040188    .001786     2.25   0.024     .0005182    .0075193
          7  |  -.0072579   .0024639    -2.95   0.003     -.012087   -.0024288
          8  |  -.0185346   .0042949    -4.32   0.000    -.0269524   -.0101168
          9  |  -.0298113   .0063495    -4.70   0.000    -.0422561   -.0173666
         10  |   -.041088   .0084664    -4.85   0.000     -.057682   -.0244941
         11  |  -.0523647   .0106085    -4.94   0.000     -.073157   -.0315725
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CA_cent
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_reer_wage_reg2_margins.pdf written in
>  PDF format)

Adjusted predictions                            Number of obs     =        227
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   90.84537   3.063787    29.65   0.000     84.84045    96.85028
          2  |   102.5663   2.733523    37.52   0.000     97.20871    107.9239
          3  |   114.2873   3.926963    29.10   0.000     106.5906     121.984
          4  |   126.0082   5.764846    21.86   0.000     114.7093    137.3071
          5  |   137.7292   7.804448    17.65   0.000     122.4327    153.0256
          6  |   149.4501   9.922141    15.06   0.000     130.0031    168.8971
          7  |   161.1711   12.07692    13.35   0.000     137.5007    184.8414
          8  |    172.892   14.25196    12.13   0.000     144.9587    200.8253
          9  |    184.613   16.43924    11.23   0.000     152.3926    216.8333
         10  |   196.3339   18.63443    10.54   0.000     159.8111    232.8567
         11  |   208.0549   20.83505     9.99   0.000     167.2189    248.8908
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        227
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   96.32319   2.216511    43.46   0.000      91.9789    100.6675
          2  |   97.13029   2.214502    43.86   0.000     92.78995    101.4706
          3  |    97.9374   2.315237    42.30   0.000     93.39962    102.4752
          4  |    98.7445   2.506357    39.40   0.000     93.83213    103.6569
          5  |   99.55161   2.769211    35.95   0.000     94.12405    104.9792
          6  |   100.3587   3.085521    32.53   0.000      94.3112    106.4062
          7  |   101.1658   3.440575    29.40   0.000     94.42241    107.9092
          8  |   101.9729   3.823594    26.67   0.000     94.47882     109.467
          9  |     102.78   4.226983    24.32   0.000     94.49529    111.0648
         10  |   103.5871   4.645439    22.30   0.000     94.48224     112.692
         11  |   104.3942   5.075237    20.57   0.000     94.44696    114.3415
------------------------------------------------------------------------------
Warning: statistics differ for CA_cent: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_reer_wage_reg2_yhat.pdf written in PD
> F format)

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Inequality
. 
. global reer_ineq_reg1 "xtpcse c.DG_reer2 c.$IN##c.$NTR $controls_reer , pairwise correlation
> (ar1)"

. global reer_ineq_reg2 "xtpcse c.DG_reer1 c.$IN##c.$NTR $controls_reer , pairwise correlation
> (ar1)"

. 
. forvalues x=1/2 {
  2.         capture noisily ${reer_ineq_reg`x'}
  3.         estimates store B_reer_ineq_reg`x'_est
  4.         if _rc == 0 { 
  5.                 // marginal effects
.                 capture noisily margins , dydx($NTR) atmeans at($IN=($min2($step2)$max2)) no
> atlegend force
  6.                 capture noisily marginsplot     , recast(line) recastci(rarea) yline(0) t
> itle("") ytitle("Marginal effect of natural resources on exchange rate") xtitle("Gini")
  7.                 capture noisily graph export "B_reer_ineq_reg`x'_margins.pdf", replace
  8.                 // predict y-hats
.                 capture noisily margins, atmeans at((p20) $IN $NTR=($min3($step3)$max3)) sav
> ing(temp1, replace) noatlegend force
  9.                 capture noisily margins, atmeans at((p80) $IN $NTR=($min3($step3)$max3)) 
> saving(temp2, replace) noatlegend force
 10.                 capture noisily combomarginsplot temp1 temp2 , labels("Low inequality" "H
> igh inequality" ) recast(line) recastci(rarea) ///
>                 file1opts(pstyle(p1)) file2opts(pstyle(p2)) plot1opts(lpattern("--")) ///
>                  lplot1(mfcolor(white)) legend(colfirst) ///
>                  title(" ") ytitle("Predicted exchange rate") xtitle("Resource rents per cap
> ita")
 11.                 capture noisily graph export "B_reer_ineq_reg`x'_yhat.pdf", replace
 12.                 }
 13.         }
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        145
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  9.6666667
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8482
Estimated autocorrelations =         1          Wald chi2(22)     =   78181.97
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -355.5565   122.5309    -2.90   0.004    -595.7126   -115.4004
             BB_dunning3 |  -.1758646   .0486448    -3.62   0.000    -.2712068   -.0805225
                         |
c.CC_gini3#c.BB_dunning3 |   .6977326   .2116154     3.30   0.001     .2829741    1.112491
                         |
                 BA_cbi2 |   13.12255   9.157283     1.43   0.152      -4.8254    31.07049
              DA_relprod |   88.29579   47.14739     1.87   0.061    -4.111401     180.703
                  DA_pc8 |  -.8323921   .4731138    -1.76   0.079    -1.759678     .094894
                 DG_cpi5 |   .0707446   .1876146     0.38   0.706    -.2969733    .4384625
             DG_nominal1 |   .9881197   .1136863     8.69   0.000     .7652986    1.210941
                         |
                   OB_01 |
  De facto crawling peg  |   -.272206   6.665954    -0.04   0.967    -13.33724    12.79282
       Managed floating  |    2.08958   3.095603     0.68   0.500    -3.977691    8.156851
        Freely floating  |   47.71112   34.05056     1.40   0.161    -19.02675     114.449
                         |
                country2 |   33.95373   13.08401     2.60   0.009     8.309537    59.59793
                country3 |   43.10768   17.54595     2.46   0.014      8.71824    77.49711
                country4 |   60.34503   34.03371     1.77   0.076    -6.359811    127.0499
                country5 |          0  (omitted)
                country6 |   44.79978   14.88627     3.01   0.003     15.62322    73.97634
                country7 |          0  (omitted)
                country8 |  -37.42997   38.23559    -0.98   0.328    -112.3704     37.5104
                country9 |          0  (omitted)
               country10 |   50.48923   32.56267     1.55   0.121    -13.33243    114.3109
               country11 |   30.86641   17.91241     1.72   0.085    -4.241273    65.97409
               country12 |   28.92984     8.3795     3.45   0.001     12.50632    45.35336
               country13 |   43.56201   20.58223     2.12   0.034     3.221587    83.90243
               country14 |   25.72144   19.44495     1.32   0.186    -12.38996    63.83284
               country15 |    64.6289   19.18467     3.37   0.001     27.02765    102.2302
               country16 |          0  (omitted)
               country17 |   54.82899   33.34372     1.64   0.100     -10.5235    120.1815
               country18 |   27.97434    15.2947     1.83   0.067    -2.002718     57.9514
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .5313389
------------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        145
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |  -.0363181   .0069671    -5.21   0.000    -.0499734   -.0226629
          2  |  -.0223635   .0037147    -6.02   0.000    -.0296442   -.0150827
          3  |  -.0084088   .0038578    -2.18   0.029      -.01597   -.0008476
          4  |   .0055458   .0071966     0.77   0.441    -.0085593    .0196509
          5  |   .0195005   .0111591     1.75   0.081    -.0023709    .0413718
          6  |   .0334551   .0152671     2.19   0.028     .0035323     .063378
          7  |   .0474098   .0194285     2.44   0.015     .0093307    .0854889
          8  |   .0613644   .0236151     2.60   0.009     .0150797    .1076492
          9  |   .0753191   .0278156     2.71   0.007     .0208016    .1298366
         10  |   .0892737   .0320244     2.79   0.005      .026507    .1520405
         11  |   .1032284   .0362387     2.85   0.004     .0322018     .174255
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CC_gini3
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_reer_ineq_reg1_margins.pdf written in
>  PDF format)

Adjusted predictions                            Number of obs     =        145
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   115.4583   6.300347    18.33   0.000     103.1098    127.8067
          2  |   111.5005   6.057307    18.41   0.000     99.62844    123.3726
          3  |   107.5428   5.934469    18.12   0.000     95.91148    119.1742
          4  |   103.5851   5.939296    17.44   0.000     91.94431    115.2259
          5  |    99.6274   6.071483    16.41   0.000     87.72751    111.5273
          6  |   95.66969   6.323049    15.13   0.000     83.27674    108.0626
          7  |   91.71197   6.680519    13.73   0.000      78.6184    104.8056
          8  |   87.75426   7.127979    12.31   0.000     73.78368    101.7248
          9  |   83.79655   7.649653    10.95   0.000      68.8035    98.78959
         10  |   79.83883   8.231444     9.70   0.000      63.7055    95.97217
         11  |   75.88112   8.861518     8.56   0.000     58.51286    93.24937
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        145
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |    80.7915    7.10562    11.37   0.000     66.86474    94.71826
          2  |   95.60977   6.218182    15.38   0.000     83.42236    107.7972
          3  |    110.428   9.799425    11.27   0.000     91.22152    129.6346
          4  |   125.2463   14.91907     8.40   0.000     96.00547    154.4872
          5  |   140.0646   20.45277     6.85   0.000     99.97789    180.1513
          6  |   154.8828   26.13885     5.93   0.000     103.6516    206.1141
          7  |   169.7011   31.89593     5.32   0.000     107.1862     232.216
          8  |   184.5194   37.69149     4.90   0.000     110.6454    258.3934
          9  |   199.3377   43.51015     4.58   0.000     114.0593     284.616
         10  |   214.1559   49.34375     4.34   0.000      117.444    310.8679
         11  |   228.9742   55.18754     4.15   0.000     120.8086    337.1398
------------------------------------------------------------------------------
Warning: statistics differ for CC_gini3: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_reer_ineq_reg1_yhat.pdf written in PD
> F format)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        170
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  11.333333
                                                              max =         22
Estimated covariances      =       120          R-squared         =     0.8607
Estimated autocorrelations =         1          Wald chi2(19)     =    2433.15
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -248.5723   62.65493    -3.97   0.000    -371.3738   -125.7709
             BB_dunning3 |  -.1497933   .0264617    -5.66   0.000    -.2016573   -.0979292
                         |
c.CC_gini3#c.BB_dunning3 |   .6225503   .1124072     5.54   0.000     .4022362    .8428645
                         |
                 BA_cbi2 |   7.096505   1.283861     5.53   0.000     4.580184    9.612826
              DA_relprod |  -22.19679    19.8207    -1.12   0.263    -61.04465    16.65107
                  DA_pc8 |  -.0549044   .2484111    -0.22   0.825    -.5417812    .4319723
                 DG_cpi5 |  -.2248595    .118587    -1.90   0.058    -.4572858    .0075668
             DG_nominal1 |   .5989178   .0725525     8.25   0.000     .4567175    .7411182
                         |
                   OB_01 |
  De facto crawling peg  |   5.011333   2.286493     2.19   0.028     .5298901    9.492777
       Managed floating  |  -4.105451   1.812865    -2.26   0.024      -7.6586   -.5523015
        Freely floating  |   23.89824   4.897082     4.88   0.000     14.30013    33.49634
                         |
                country2 |    21.9451   3.956947     5.55   0.000     14.18963    29.70057
                country3 |   32.83909   5.142584     6.39   0.000     22.75981    42.91836
                country4 |   30.93629   4.979067     6.21   0.000      21.1775    40.69508
                country5 |          0  (omitted)
                country6 |    26.0221   4.658793     5.59   0.000     16.89103    35.15317
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   42.61788   7.452671     5.72   0.000     28.01091    57.22484
               country11 |   45.07575   5.125255     8.79   0.000     35.03044    55.12107
               country12 |    18.0219   3.609554     4.99   0.000      10.9473    25.09649
               country13 |   30.04148   7.510405     4.00   0.000     15.32135     44.7616
               country14 |   26.12431    4.10479     6.36   0.000     18.07907    34.16955
               country15 |   34.27708   5.525532     6.20   0.000     23.44724    45.10693
               country16 |          0  (omitted)
               country17 |   52.15258   9.440788     5.52   0.000     33.64898    70.65619
               country18 |   19.08539   6.302657     3.03   0.002     6.732405    31.43837
                   _cons |    66.6321   19.56889     3.41   0.001     28.27777    104.9864
-------------------------+----------------------------------------------------------------
                     rho |   .5086922
------------------------------------------------------------------------------------------

Conditional marginal effects                    Number of obs     =        170
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |  -.0252832   .0047052    -5.37   0.000    -.0345052   -.0160611
          2  |  -.0128322   .0031506    -4.07   0.000    -.0190073   -.0066571
          3  |  -.0003812   .0027968    -0.14   0.892    -.0058628    .0051004
          4  |   .0120698   .0039782     3.03   0.002     .0042727    .0198669
          5  |   .0245208   .0058257     4.21   0.000     .0131027    .0359389
          6  |   .0369718   .0078841     4.69   0.000     .0215193    .0524244
          7  |   .0494228   .0100244     4.93   0.000     .0297755    .0690702
          8  |   .0618739   .0122035     5.07   0.000     .0379555    .0857922
          9  |   .0743249   .0144038     5.16   0.000     .0460939    .1025559
         10  |   .0867759    .016617     5.22   0.000     .0542072    .1193446
         11  |   .0992269   .0188384     5.27   0.000     .0623042    .1361495
------------------------------------------------------------------------------

  Variables that uniquely identify margins: CC_gini3
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_reer_ineq_reg2_margins.pdf written in
>  PDF format)

Adjusted predictions                            Number of obs     =        170
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   108.2357   3.441989    31.45   0.000     101.4895    114.9819
          2  |   106.2404   3.153082    33.69   0.000     100.0605    112.4204
          3  |   104.2452   3.035461    34.34   0.000     98.29576    110.1945
          4  |   102.2499    3.10863    32.89   0.000     96.15708    108.3427
          5  |   100.2546   3.360148    29.84   0.000     93.66885    106.8404
          6  |   98.25935   3.754341    26.17   0.000     90.90098    105.6177
          7  |   96.26408   4.251707    22.64   0.000     87.93089    104.5973
          8  |   94.26881   4.820415    19.56   0.000     84.82097    103.7167
          9  |   92.27354    5.43813    16.97   0.000       81.615    102.9321
         10  |   90.27827   6.089957    14.82   0.000     78.34218    102.2144
         11  |     88.283   6.766044    13.05   0.000      75.0218    101.5442
------------------------------------------------------------------------------

Adjusted predictions                            Number of obs     =        170
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()

------------------------------------------------------------------------------
             |            Delta-method
             |     Margin   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
         _at |
          1  |   84.12417   3.509609    23.97   0.000     77.24547    91.00288
          2  |   98.79582   3.101462    31.85   0.000     92.71707    104.8746
          3  |   113.4675   4.927723    23.03   0.000     103.8093    123.1256
          4  |   128.1391   7.503833    17.08   0.000     113.4319    142.8464
          5  |   142.8108   10.28077    13.89   0.000     122.6608    162.9607
          6  |   157.4824   13.13174    11.99   0.000     131.7447    183.2202
          7  |   172.1541   16.01726    10.75   0.000     140.7608    203.5473
          8  |   186.8257   18.92154     9.87   0.000     149.7402    223.9112
          9  |   201.4974   21.83708     9.23   0.000     158.6975    244.2973
         10  |    216.169   24.75991     8.73   0.000     167.6405    264.6975
         11  |   230.8407   27.68772     8.34   0.000     176.5737    285.1076
------------------------------------------------------------------------------
Warning: statistics differ for CC_gini3: file 1=p20, file 2=p80;  using first (p20)

  Variables that uniquely identify margins: BB_dunning3 _filenumber
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/B_reer_ineq_reg2_yhat.pdf written in PD
> F format)

. 
. 
. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Figure A
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. graph hbox BB_wdi1, over(A_id_name, sort(1))  ytitle("Variation of NTR (as % of GDP) across 
> countries") title(" ", span) subtitle(" ")  

. capture noisily graph export "A_descriptive1.pdf", replace
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/A_descriptive1.pdf written in PDF forma
> t)

. 
. 
. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Table E
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach NTR of varlist BB_dunning2 BB_oil2 BB_wdi6 OC_41 OC_42 {
  2. 
. sum `NTR'
  3. local min3 = round(r(min),10)
  4. local max3 = round(r(max),10)
  5. local step3 = (`max3' - `min3')/10
  6. 
. global exports_wage_reg1 "xtpcse c.DB_exports_clean5 c.$WC##c.`NTR' $controls_exports  , pai
> rwise correlation(ar1)"
  7. global exports_wage_reg2 "xtpcse c.DB_exports_clean6 c.$WC##c.`NTR' $controls_exports  , 
> pairwise correlation(ar1)"
  8. global exports_wage_reg3 "xtpcse c.DB_manu1 c.$WC##c.`NTR' $controls_exports  , pairwise 
> correlation(ar1)"
  9. 
. forvalues x=1/3 {
 10.         capture noisily ${exports_wage_reg`x'} 
 11.         }
 12. }

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
 BB_dunning2 |        756    100.4157     265.054          0   2759.885

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        271
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  15.055556
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9456
Estimated autocorrelations =         1          Wald chi2(28)     =   12205.20
Estimated coefficients     =        29          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   2.695181   3.294482     0.82   0.413    -3.761885    9.152247
            BB_dunning2 |  -.0073921   .0032875    -2.25   0.025    -.0138355   -.0009486
                        |
c.CA_cent#c.BB_dunning2 |   .0170986   .0073494     2.33   0.020      .002694    .0315032
                        |
                  OB_01 |
 De facto crawling peg  |  -1.473486    .738722    -1.99   0.046    -2.921355   -.0256179
      Managed floating  |   .1003388   .8637901     0.12   0.908    -1.592659    1.793336
       Freely floating  |  -.2778967   .9167131    -0.30   0.762    -2.074621    1.518828
                        |
                 DA_pc8 |   .1706778   .1060982     1.61   0.108    -.0372709    .3786264
              DC_total1 |  -.4125942   .1207832    -3.42   0.001     -.649325   -.1758634
            DD_overall2 |   .1220634   .1264884     0.97   0.335    -.1258494    .3699762
               DE_total |    .301913   .0721115     4.19   0.000      .160577    .4432489
            DG_nominal1 |  -.1458563   .0163152    -8.94   0.000    -.1778335    -.113879
               country2 |   21.77679    2.33662     9.32   0.000     17.19709    26.35648
               country3 |   54.42616   2.149083    25.33   0.000     50.21403    58.63828
               country4 |   20.26599   2.365736     8.57   0.000     15.62923    24.90275
               country5 |   24.19494   1.497514    16.16   0.000     21.25987    27.13001
               country6 |   22.92204   1.898928    12.07   0.000      19.2002    26.64387
               country7 |   11.62368    1.86998     6.22   0.000     7.958583    15.28877
               country8 |   11.84357   1.466639     8.08   0.000     8.969008    14.71813
               country9 |   63.22256   2.999757    21.08   0.000     57.34315    69.10198
              country10 |   11.58854   1.687869     6.87   0.000     8.280375     14.8967
              country11 |  -6.393219   1.774317    -3.60   0.000    -9.870816   -2.915621
              country12 |   43.27678   1.759514    24.60   0.000      39.8282    46.72537
              country13 |    12.9452   2.266687     5.71   0.000     8.502576    17.38782
              country14 |   16.72899   2.366227     7.07   0.000     12.09127    21.36671
              country15 |   25.50764   1.770678    14.41   0.000     22.03718    28.97811
              country16 |   20.50854   1.774072    11.56   0.000     17.03142    23.98566
              country17 |   10.48892   2.080281     5.04   0.000      6.41164    14.56619
              country18 |  -6.755772   2.093086    -3.23   0.001    -10.85814   -2.653398
                  _cons |   .8015601   5.118366     0.16   0.876    -9.230253    10.83337
------------------------+----------------------------------------------------------------
                    rho |   .6200984
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        271
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  15.055556
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9475
Estimated autocorrelations =         1          Wald chi2(28)     =   12504.12
Estimated coefficients     =        29          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   2.638367   3.142873     0.84   0.401    -3.521551    8.798284
            BB_dunning2 |   -.009298   .0031055    -2.99   0.003    -.0153847   -.0032113
                        |
c.CA_cent#c.BB_dunning2 |   .0184872   .0068468     2.70   0.007     .0050677    .0319067
                        |
                  OB_01 |
 De facto crawling peg  |  -1.446835   .7319607    -1.98   0.048    -2.881451   -.0122184
      Managed floating  |    .135473    .857346     0.16   0.874    -1.544894     1.81584
       Freely floating  |  -.1253991   .9036652    -0.14   0.890     -1.89655    1.645752
                        |
                 DA_pc8 |   .1520911   .1026776     1.48   0.139    -.0491533    .3533355
              DC_total1 |  -.4132374   .1166943    -3.54   0.000     -.641954   -.1845209
            DD_overall2 |   .1372532    .125011     1.10   0.272    -.1077638    .3822702
               DE_total |   .3052601   .0711427     4.29   0.000     .1658229    .4446972
            DG_nominal1 |  -.1440973   .0157096    -9.17   0.000    -.1748875   -.1133071
               country2 |   23.52322   2.303293    10.21   0.000     19.00885    28.03759
               country3 |   56.39364   2.185864    25.80   0.000     52.10942    60.67785
               country4 |   20.39773   2.323695     8.78   0.000     15.84337    24.95209
               country5 |   25.96622    1.53446    16.92   0.000     22.95873     28.9737
               country6 |   23.81618   1.900821    12.53   0.000     20.09064    27.54173
               country7 |   13.50192   1.868673     7.23   0.000     9.839388    17.16445
               country8 |   13.57105   1.501293     9.04   0.000     10.62857    16.51354
               country9 |   64.84528   3.020722    21.47   0.000     58.92477    70.76579
              country10 |   13.49989   1.702382     7.93   0.000     10.16328     16.8365
              country11 |  -4.549049   1.797769    -2.53   0.011    -8.072612   -1.025486
              country12 |   44.05902   1.720102    25.61   0.000     40.68768    47.43035
              country13 |   13.11365   2.200499     5.96   0.000     8.800752    17.42655
              country14 |   17.53072   2.225488     7.88   0.000     13.16884    21.89259
              country15 |   26.71403   1.795405    14.88   0.000      23.1951    30.23296
              country16 |   22.29888   1.784125    12.50   0.000     18.80206     25.7957
              country17 |   11.99958   2.057066     5.83   0.000     7.967802    16.03135
              country18 |  -5.226223   2.073209    -2.52   0.012    -9.289638   -1.162808
                  _cons |  -1.896464   5.070266    -0.37   0.708      -11.834    8.041075
------------------------+----------------------------------------------------------------
                    rho |   .6285328
-----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        269
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.944444
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9684
Estimated autocorrelations =         1          Wald chi2(25)     =   46531.74
Estimated coefficients     =        29          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -4.933084   3.505143    -1.41   0.159    -11.80304    1.936871
            BB_dunning2 |  -.0134089     .00356    -3.77   0.000    -.0203864   -.0064313
                        |
c.CA_cent#c.BB_dunning2 |   .0197706   .0081189     2.44   0.015     .0038579    .0356834
                        |
                  OB_01 |
 De facto crawling peg  |  -1.529346   .6596629    -2.32   0.020    -2.822261   -.2364301
      Managed floating  |  -1.198551   1.069791    -1.12   0.263    -3.295302    .8982005
       Freely floating  |   1.886439   1.181736     1.60   0.110    -.4297222    4.202599
                        |
                 DA_pc8 |  -.0397017    .084989    -0.47   0.640    -.2062771    .1268738
              DC_total1 |  -.3146657   .1091581    -2.88   0.004    -.5286117   -.1007197
            DD_overall2 |   .1551349   .1125447     1.38   0.168    -.0654486    .3757185
               DE_total |   .0966123   .0550983     1.75   0.080    -.0113784    .2046029
            DG_nominal1 |   .0418369   .0188891     2.21   0.027     .0048149    .0788589
               country2 |   62.42801   3.216121    19.41   0.000     56.12453    68.73149
               country3 |   53.87493   2.029787    26.54   0.000     49.89662    57.85324
               country4 |    43.6753   2.298142    19.00   0.000     39.17102    48.17958
               country5 |   38.33731   1.858704    20.63   0.000     34.69432     41.9803
               country6 |   60.75259   1.580489    38.44   0.000     57.65489     63.8503
               country7 |   54.03047   2.071418    26.08   0.000     49.97056    58.09037
               country8 |   59.30788   1.656882    35.79   0.000     56.06045    62.55531
               country9 |    53.3657    2.50026    21.34   0.000     48.46528    58.26612
              country10 |   65.75311   1.816585    36.20   0.000     62.19266    69.31355
              country11 |   68.09864   2.469996    27.57   0.000     63.25753    72.93974
              country12 |   36.99056   2.580809    14.33   0.000     31.93227    42.04885
              country13 |   4.365339   2.577356     1.69   0.090    -.6861848    9.416863
              country14 |    9.31323   2.942428     3.17   0.002     3.546178    15.08028
              country15 |   58.52539   2.171225    26.96   0.000     54.26987    62.78092
              country16 |   66.39029   2.155338    30.80   0.000     62.16591    70.61468
              country17 |   55.27096   2.571455    21.49   0.000       50.231    60.31092
              country18 |   50.30604    2.20748    22.79   0.000     45.97946    54.63262
                  _cons |   13.19661   4.173452     3.16   0.002     5.016796    21.37643
------------------------+----------------------------------------------------------------
                    rho |   .5557808
-----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_oil2 |        720     6.59739    10.54686      .0431   67.87345

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        240
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  14.117647
                                                              max =         31
Estimated covariances      =       153          R-squared         =     0.9525
Estimated autocorrelations =         1          Wald chi2(27)     =   10235.42
Estimated coefficients     =        28          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -1.293564   3.875207    -0.33   0.739     -8.88883    6.301702
               BB_oil2 |  -.4543935   .2268404    -2.00   0.045    -.8989926   -.0097945
                       |
   c.CA_cent#c.BB_oil2 |   .9895887   .4612359     2.15   0.032     .0855831    1.893594
                       |
                 OB_01 |
De facto crawling peg  |  -1.228347   .7742468    -1.59   0.113    -2.745843    .2891489
     Managed floating  |  -.0459047   .9539524    -0.05   0.962    -1.915617    1.823808
      Freely floating  |  -.3180401    1.00905    -0.32   0.753    -2.295743    1.659662
                       |
                DA_pc8 |   .1339602   .1040549     1.29   0.198    -.0699837    .3379041
             DC_total1 |  -.4749663   .1231591    -3.86   0.000    -.7163536    -.233579
           DD_overall2 |   .0062039   .1605991     0.04   0.969    -.3085645    .3209724
              DE_total |   .3728162   .0912315     4.09   0.000     .1940058    .5516266
           DG_nominal1 |  -.1377768   .0168416    -8.18   0.000    -.1707858   -.1047677
              country2 |   24.48836   4.014745     6.10   0.000     16.61961    32.35712
              country3 |   58.99182    3.38768    17.41   0.000     52.35209    65.63155
              country4 |   21.66354   2.926711     7.40   0.000     15.92729    27.39979
              country5 |   25.98298   2.875759     9.04   0.000     20.34659    31.61936
              country6 |   24.38457   3.120607     7.81   0.000     18.26829    30.50085
              country7 |   13.19134   3.097783     4.26   0.000       7.1198    19.26289
              country8 |   13.31263   2.908069     4.58   0.000     7.612919    19.01234
              country9 |   66.25344   4.072076    16.27   0.000     58.27232    74.23456
             country10 |   12.33498   3.085234     4.00   0.000     6.288038    18.38193
             country11 |  -5.247543    3.02473    -1.73   0.083    -11.17591    .6808187
             country12 |   44.93503   2.437273    18.44   0.000     40.15806      49.712
             country13 |    13.0976   3.256299     4.02   0.000     6.715374    19.47983
             country14 |   17.16215   3.844375     4.46   0.000     9.627313    24.69699
             country15 |   26.62515   2.986275     8.92   0.000     20.77216    32.47814
             country16 |          0  (omitted)
             country17 |   13.26054   3.057477     4.34   0.000     7.267994    19.25308
             country18 |   -6.44183   2.860081    -2.25   0.024    -12.04749   -.8361736
                 _cons |  -2.999668   5.984509    -0.50   0.616    -14.72909    8.729755
-----------------------+----------------------------------------------------------------
                   rho |   .6067225
----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        240
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  14.117647
                                                              max =         31
Estimated covariances      =       153          R-squared         =     0.9551
Estimated autocorrelations =         1          Wald chi2(27)     =   12622.11
Estimated coefficients     =        28          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -1.447118   3.660541    -0.40   0.693    -8.621648    5.727411
               BB_oil2 |  -.5958047   .2143181    -2.78   0.005     -1.01586   -.1757489
                       |
   c.CA_cent#c.BB_oil2 |   1.068063   .4394796     2.43   0.015     .2066991    1.929428
                       |
                 OB_01 |
De facto crawling peg  |  -1.223691   .7731772    -1.58   0.113    -2.739091    .2917082
     Managed floating  |   -.018066   .9628007    -0.02   0.985    -1.905121    1.868989
      Freely floating  |  -.3286675   1.006509    -0.33   0.744    -2.301389    1.644054
                       |
                DA_pc8 |    .119389   .1006449     1.19   0.236    -.0778713    .3166493
             DC_total1 |  -.4598792   .1188509    -3.87   0.000    -.6928226   -.2269358
           DD_overall2 |   .0122338   .1589074     0.08   0.939     -.299219    .3236866
              DE_total |   .3826121   .0904326     4.23   0.000     .2053675    .5598568
           DG_nominal1 |  -.1353835    .016088    -8.42   0.000    -.1669154   -.1038515
              country2 |   24.30357   3.805942     6.39   0.000     16.84406    31.76308
              country3 |   59.28882   3.342342    17.74   0.000     52.73795    65.83969
              country4 |    20.1327   2.814294     7.15   0.000     14.61678    25.64861
              country5 |   26.07154   2.737988     9.52   0.000     20.70518     31.4379
              country6 |   23.49557   2.938854     7.99   0.000     17.73552    29.25562
              country7 |    13.3162   2.943529     4.52   0.000     7.546985    19.08541
              country8 |   13.20035   2.717775     4.86   0.000     7.873612    18.52709
              country9 |   65.89483   3.917181    16.82   0.000      58.2173    73.57236
             country10 |   12.35558   2.934764     4.21   0.000      6.60355    18.10761
             country11 |  -5.130905   2.857041    -1.80   0.073     -10.7306    .4687924
             country12 |   44.58144   2.349697    18.97   0.000     39.97612    49.18676
             country13 |   11.28367   3.065001     3.68   0.000      5.27638    17.29096
             country14 |   19.49325   3.481038     5.60   0.000     12.67054    26.31596
             country15 |   26.13152   2.824991     9.25   0.000     20.59464     31.6684
             country16 |          0  (omitted)
             country17 |   13.48336   2.931686     4.60   0.000      7.73736    19.22936
             country18 |  -6.912139   2.705626    -2.55   0.011    -12.21507   -1.609208
                 _cons |  -4.194078   5.874653    -0.71   0.475    -15.70819    7.320031
-----------------------+----------------------------------------------------------------
                   rho |   .6070069
----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        240
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  14.117647
                                                              max =         31
Estimated covariances      =       153          R-squared         =     0.9719
Estimated autocorrelations =         1          Wald chi2(27)     =  129230.11
Estimated coefficients     =        28          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -3.459979   3.512099    -0.99   0.325    -10.34357    3.423609
               BB_oil2 |  -.6806955   .1880014    -3.62   0.000    -1.049172   -.3122194
                       |
   c.CA_cent#c.BB_oil2 |   .0028053   .4368864     0.01   0.995    -.8534764     .859087
                       |
                 OB_01 |
De facto crawling peg  |  -1.588112    .643525    -2.47   0.014    -2.849398    -.326826
     Managed floating  |   -.213167   1.192681    -0.18   0.858    -2.550779    2.124445
      Freely floating  |   .5796792   1.137052     0.51   0.610    -1.648901     2.80826
                       |
                DA_pc8 |  -.0089259   .0782474    -0.11   0.909    -.1622879    .1444361
             DC_total1 |  -.1881139   .1056304    -1.78   0.075    -.3951457    .0189178
           DD_overall2 |   .1434256   .1500367     0.96   0.339    -.1506408    .4374921
              DE_total |   .0917178   .0683503     1.34   0.180    -.0422464     .225682
           DG_nominal1 |   .0453809   .0179804     2.52   0.012       .01014    .0806218
              country2 |   47.36204   4.436791    10.67   0.000     38.66609    56.05799
              country3 |   41.60897   3.028944    13.74   0.000     35.67234    47.54559
              country4 |   31.10734   2.927253    10.63   0.000     25.37003    36.84465
              country5 |   25.46791   2.862415     8.90   0.000     19.85768    31.07814
              country6 |   46.94942   2.911686    16.12   0.000     41.24262    52.65622
              country7 |   40.62018    3.08902    13.15   0.000     34.56581    46.67454
              country8 |   45.57044   2.904119    15.69   0.000     39.87847    51.26241
              country9 |   37.62159   3.768662     9.98   0.000     30.23515    45.00804
             country10 |   51.65711   3.051215    16.93   0.000     45.67683    57.63738
             country11 |   55.39578   3.204508    17.29   0.000     49.11506     61.6765
             country12 |   27.92273   3.066195     9.11   0.000      21.9131    33.93236
             country13 |  -10.84323   3.508284    -3.09   0.002    -17.71934    -3.96712
             country14 |   24.26594   3.258021     7.45   0.000     17.88034    30.65155
             country15 |   44.96337   3.206552    14.02   0.000     38.67864    51.24809
             country16 |          0  (omitted)
             country17 |   42.95535   3.646324    11.78   0.000     35.80869    50.10201
             country18 |   35.30305   2.960926    11.92   0.000     29.49974    41.10636
                 _cons |   27.03749   4.920889     5.49   0.000     17.39272    36.68226
-----------------------+----------------------------------------------------------------
                   rho |   .6157869
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_wdi6 |        703    .8306209    2.115902          0   15.63309

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        272
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  15.111111
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9525
Estimated autocorrelations =         1          Wald chi2(28)     =   10334.42
Estimated coefficients     =        29          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   2.551681   3.340519     0.76   0.445    -3.995617    9.098978
               BB_wdi6 |  -1.564323   .6638649    -2.36   0.018    -2.865475   -.2631722
                       |
   c.CA_cent#c.BB_wdi6 |   2.759576   1.491302     1.85   0.064    -.1633219    5.682473
                       |
                 OB_01 |
De facto crawling peg  |  -1.385169   .7398726    -1.87   0.061    -2.835293    .0649543
     Managed floating  |   .2323434   .8767996     0.26   0.791    -1.486152    1.950839
      Freely floating  |  -.4623699   .9372715    -0.49   0.622    -2.299388    1.374648
                       |
                DA_pc8 |   .1686759   .1101081     1.53   0.126     -.047132    .3844839
             DC_total1 |  -.4515085   .1190013    -3.79   0.000    -.6847467   -.2182702
           DD_overall2 |   .0753988   .1238936     0.61   0.543    -.1674282    .3182258
              DE_total |   .3297296   .0698713     4.72   0.000     .1927844    .4666749
           DG_nominal1 |  -.1479663   .0174611    -8.47   0.000    -.1821893   -.1137432
              country2 |   21.14233   2.425262     8.72   0.000      16.3889    25.89575
              country3 |   55.32683   2.067453    26.76   0.000     51.27469    59.37896
              country4 |   18.99285   2.033752     9.34   0.000     15.00677    22.97893
              country5 |   23.82809   1.516674    15.71   0.000     20.85546    26.80071
              country6 |   22.30779   1.882905    11.85   0.000     18.61736    25.99821
              country7 |   11.10798   1.825251     6.09   0.000     7.530558    14.68541
              country8 |   11.35587   1.464505     7.75   0.000     8.485494    14.22625
              country9 |   63.19635   2.890237    21.87   0.000     57.53159    68.86112
             country10 |    10.7784   1.686463     6.39   0.000     7.472994    14.08381
             country11 |  -6.953004   1.784165    -3.90   0.000     -10.4499   -3.456106
             country12 |   42.95013   1.780082    24.13   0.000     39.46123    46.43902
             country13 |   11.80168   2.164117     5.45   0.000     7.560088    16.04327
             country14 |   18.93559   3.116837     6.08   0.000      12.8267    25.04448
             country15 |   24.61788   1.782623    13.81   0.000       21.124    28.11176
             country16 |   19.62775   1.768226    11.10   0.000     16.16209     23.0934
             country17 |   10.60883   2.142964     4.95   0.000       6.4087    14.80896
             country18 |  -7.681753   1.876852    -4.09   0.000    -11.36031   -4.003192
                 _cons |   .5188214   4.941444     0.10   0.916    -9.166231    10.20387
-----------------------+----------------------------------------------------------------
                   rho |   .5998351
----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        272
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  15.111111
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9550
Estimated autocorrelations =         1          Wald chi2(28)     =   11745.71
Estimated coefficients     =        29          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   2.303476   3.169393     0.73   0.467     -3.90842    8.515372
               BB_wdi6 |  -2.065819   .6123533    -3.37   0.001    -3.266009   -.8656285
                       |
   c.CA_cent#c.BB_wdi6 |   3.358439   1.354038     2.48   0.013      .704573    6.012305
                       |
                 OB_01 |
De facto crawling peg  |  -1.275302   .7209405    -1.77   0.077    -2.688319    .1377153
     Managed floating  |   .2502276   .8606123     0.29   0.771    -1.436541    1.936997
      Freely floating  |  -.3419382   .9110507    -0.38   0.707    -2.127565    1.443688
                       |
                DA_pc8 |   .1430244   .1046869     1.37   0.172    -.0621582    .3482071
             DC_total1 |  -.4422045   .1143775    -3.87   0.000    -.6663804   -.2180287
           DD_overall2 |   .0782656   .1218942     0.64   0.521    -.1606426    .3171739
              DE_total |   .3423024   .0690186     4.96   0.000     .2070284    .4775763
           DG_nominal1 |  -.1505778    .016539    -9.10   0.000    -.1829937   -.1181618
              country2 |   22.97064   2.392994     9.60   0.000     18.28045    27.66082
              country3 |   57.33658   2.083067    27.53   0.000     53.25384    61.41931
              country4 |    18.5091   1.971704     9.39   0.000     14.64463    22.37357
              country5 |   25.63667   1.562007    16.41   0.000     22.57519    28.69815
              country6 |   23.16542   1.874873    12.36   0.000     19.49073     26.8401
              country7 |   12.93898   1.810817     7.15   0.000     9.389842    16.48811
              country8 |   13.04791    1.49819     8.71   0.000     10.11152    15.98431
              country9 |   64.89742   2.912241    22.28   0.000     59.18954    70.60531
             country10 |   12.54638   1.695017     7.40   0.000     9.224208    15.86855
             country11 |  -5.083045   1.808408    -2.81   0.005    -8.627459   -1.538631
             country12 |   43.76565   1.735344    25.22   0.000     40.36444    47.16687
             country13 |   11.78886    2.08879     5.64   0.000     7.694912    15.88282
             country14 |   20.02779   2.786448     7.19   0.000     14.56645    25.48913
             country15 |   25.94243   1.809097    14.34   0.000     22.39667    29.48819
             country16 |     21.381   1.770629    12.08   0.000     17.91063    24.85137
             country17 |   12.37229   2.082194     5.94   0.000     8.291262    16.45331
             country18 |  -6.392007   1.849375    -3.46   0.001    -10.01672   -2.767299
                 _cons |   -2.30269    4.91611    -0.47   0.640    -11.93809    7.332708
-----------------------+----------------------------------------------------------------
                   rho |    .617752
----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        270
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =         15
                                                              max =         31
Estimated covariances      =       171          R-squared         =     0.9715
Estimated autocorrelations =         1          Wald chi2(25)     =  366809.22
Estimated coefficients     =        29          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -3.420045   3.292296    -1.04   0.299    -9.872826    3.032737
               BB_wdi6 |  -1.817363   .6613906    -2.75   0.006    -3.113665   -.5210613
                       |
   c.CA_cent#c.BB_wdi6 |   .6475573   1.466266     0.44   0.659    -2.226271    3.521385
                       |
                 OB_01 |
De facto crawling peg  |   -1.37331   .6247287    -2.20   0.028    -2.597756   -.1488648
     Managed floating  |  -1.058782   1.017807    -1.04   0.298    -3.053647    .9360829
      Freely floating  |   1.031605   1.117157     0.92   0.356    -1.157984    3.221193
                       |
                DA_pc8 |  -.0031354   .0806128    -0.04   0.969    -.1611336    .1548628
             DC_total1 |  -.2562546    .106514    -2.41   0.016    -.4650182   -.0474911
           DD_overall2 |   .0908495   .1140225     0.80   0.426    -.1326305    .3143294
              DE_total |   .1268493    .054366     2.33   0.020      .020294    .2334046
           DG_nominal1 |   .0348907   .0177169     1.97   0.049     .0001663    .0696151
              country2 |   59.80403   3.046869    19.63   0.000     53.83228    65.77579
              country3 |   51.33048   1.992688    25.76   0.000     47.42488    55.23607
              country4 |   39.07589   1.932808    20.22   0.000     35.28766    42.86413
              country5 |    37.0895   1.738007    21.34   0.000     33.68307    40.49593
              country6 |   58.57107   1.543783    37.94   0.000     55.54531    61.59683
              country7 |   52.38722   1.964109    26.67   0.000     48.53764    56.23681
              country8 |   57.80824   1.551945    37.25   0.000     54.76648       60.85
              country9 |   51.31513   2.507494    20.46   0.000     46.40053    56.22973
             country10 |   63.38872   1.750421    36.21   0.000     59.95795    66.81948
             country11 |   67.62517    2.26009    29.92   0.000     63.19547    72.05486
             country12 |    35.1236    2.57464    13.64   0.000      30.0774    40.16981
             country13 |   1.968884   2.437972     0.81   0.419    -2.809453    6.747222
             country14 |   17.39999   2.788062     6.24   0.000     11.93549    22.86449
             country15 |   56.57186   2.090998    27.05   0.000     52.47358    60.67014
             country16 |   65.00747   2.003607    32.45   0.000     61.08047    68.93447
             country17 |   54.54915   2.625543    20.78   0.000     49.40318    59.69512
             country18 |     47.729   1.980383    24.10   0.000     43.84752    51.61048
                 _cons |   13.25329   3.875775     3.42   0.001      5.65691    20.84967
-----------------------+----------------------------------------------------------------
                   rho |   .5742594
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_41 |        254    48.78192    112.7198    .041802   688.8552

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        173
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.416667
                                                              max =         31
Estimated covariances      =        78          R-squared         =     0.9637
Estimated autocorrelations =         1          Wald chi2(22)     =    7858.19
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -1.563835   2.490236    -0.63   0.530    -6.444608    3.316937
                 OC_41 |  -.1156513   .0356695    -3.24   0.001    -.1855623   -.0457403
                       |
     c.CA_cent#c.OC_41 |   .2264675   .0635027     3.57   0.000     .1020045    .3509305
                       |
                 OB_01 |
De facto crawling peg  |  -.7193759   .5793114    -1.24   0.214    -1.854805    .4160535
     Managed floating  |  -.9458836   .7257708    -1.30   0.192    -2.368368     .476601
      Freely floating  |  -1.645294   .7829193    -2.10   0.036    -3.179787   -.1108002
                       |
                DA_pc8 |   .1652309   .0682012     2.42   0.015      .031559    .2989028
             DC_total1 |  -.2145848   .1304621    -1.64   0.100    -.4702859    .0411163
           DD_overall2 |   .5636753   .1235831     4.56   0.000     .3214568    .8058937
              DE_total |   .0036798   .0680171     0.05   0.957    -.1296313    .1369908
           DG_nominal1 |  -.1205026   .0161726    -7.45   0.000    -.1522004   -.0888048
              country2 |   24.58877   1.985751    12.38   0.000     20.69677    28.48077
              country3 |          0  (omitted)
              country4 |   17.02179   1.735305     9.81   0.000     13.62066    20.42293
              country5 |   21.85779   1.080444    20.23   0.000     19.74016    23.97542
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   12.26375   1.250968     9.80   0.000     9.811896     14.7156
              country9 |          0  (omitted)
             country10 |    11.1634   1.296994     8.61   0.000     8.621343    13.70547
             country11 |  -7.114595   1.273805    -5.59   0.000    -9.611208   -4.617982
             country12 |   41.24922     1.5406    26.77   0.000      38.2297    44.26874
             country13 |   15.81943   1.602791     9.87   0.000     12.67802    18.96084
             country14 |   13.91766   2.434734     5.72   0.000     9.145672    18.68965
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   7.397066   1.662506     4.45   0.000     4.138615    10.65552
             country18 |  -9.037035   1.316472    -6.86   0.000    -11.61727   -6.456798
                 _cons |   16.73548   4.112393     4.07   0.000     8.675334    24.79562
-----------------------+----------------------------------------------------------------
                   rho |   .5048509
----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        173
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.416667
                                                              max =         31
Estimated covariances      =        78          R-squared         =     0.9680
Estimated autocorrelations =         1          Wald chi2(22)     =   17884.71
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -.4133076   2.255417    -0.18   0.855    -4.833843    4.007228
                 OC_41 |  -.1023937   .0324268    -3.16   0.002    -.1659491   -.0388382
                       |
     c.CA_cent#c.OC_41 |   .2039838   .0580317     3.52   0.000     .0902438    .3177238
                       |
                 OB_01 |
De facto crawling peg  |  -.7532201   .5791067    -1.30   0.193    -1.888248    .3818082
     Managed floating  |  -.8396956   .7504659    -1.12   0.263    -2.310582    .6311906
      Freely floating  |  -1.840788   .7592452    -2.42   0.015    -3.328881   -.3526948
                       |
                DA_pc8 |   .1613621   .0636316     2.54   0.011     .0366465    .2860777
             DC_total1 |  -.1883133   .1194352    -1.58   0.115    -.4224021    .0457755
           DD_overall2 |   .6535656   .1149583     5.69   0.000     .4282515    .8788797
              DE_total |  -.0310237   .0630366    -0.49   0.623     -.154573    .0925257
           DG_nominal1 |  -.1197612   .0145371    -8.24   0.000    -.1482534    -.091269
              country2 |   26.11451   1.953152    13.37   0.000      22.2864    29.94262
              country3 |          0  (omitted)
              country4 |   16.10044   1.642985     9.80   0.000     12.88025    19.32063
              country5 |   23.50799   1.069609    21.98   0.000      21.4116    25.60439
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   14.47937   1.262846    11.47   0.000     12.00424     16.9545
              country9 |          0  (omitted)
             country10 |   13.72365   1.235545    11.11   0.000     11.30202    16.14527
             country11 |  -4.623904   1.238987    -3.73   0.000    -7.052274   -2.195534
             country12 |   41.77741   1.501279    27.83   0.000     38.83496    44.71986
             country13 |   16.71342   1.479557    11.30   0.000     13.81354     19.6133
             country14 |   13.14683   2.139316     6.15   0.000     8.953849    17.33981
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |     8.7752    1.51389     5.80   0.000      5.80803    11.74237
             country18 |  -7.748942   1.217041    -6.37   0.000     -10.1343   -5.363585
                 _cons |   14.93931   3.819242     3.91   0.000     7.453734    22.42489
-----------------------+----------------------------------------------------------------
                   rho |   .4894528
----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        171
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =      14.25
                                                              max =         31
Estimated covariances      =        78          R-squared         =     0.9762
Estimated autocorrelations =         1          Wald chi2(17)     =  239597.45
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -6.675749   3.370235    -1.98   0.048    -13.28129   -.0702103
                 OC_41 |  -.0270705   .0427612    -0.63   0.527    -.1108809    .0567399
                       |
     c.CA_cent#c.OC_41 |   .0767404   .0749873     1.02   0.306     -.070232    .2237127
                       |
                 OB_01 |
De facto crawling peg  |  -1.166639   .8515072    -1.37   0.171    -2.835562     .502285
     Managed floating  |  -.0194199   1.571603    -0.01   0.990    -3.099705    3.060865
      Freely floating  |  -.9842786   1.172947    -0.84   0.401    -3.283213    1.314656
                       |
                DA_pc8 |   .0824962   .0916696     0.90   0.368    -.0971729    .2621652
             DC_total1 |  -.0889321   .1896561    -0.47   0.639    -.4606513    .2827871
           DD_overall2 |   1.107171    .159484     6.94   0.000     .7945885    1.419754
              DE_total |  -.4257767   .0803685    -5.30   0.000    -.5832962   -.2682573
           DG_nominal1 |   .0151058   .0212296     0.71   0.477    -.0265035    .0567151
              country2 |   66.38469    2.69048    24.67   0.000     61.11145    71.65793
              country3 |          0  (omitted)
              country4 |   35.22274    2.57107    13.70   0.000     30.18353    40.26194
              country5 |   35.79398   1.814793    19.72   0.000     32.23705    39.35091
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   62.40991   1.576343    39.59   0.000     59.32033    65.49948
              country9 |          0  (omitted)
             country10 |    69.8164   1.577865    44.25   0.000     66.72384    72.90896
             country11 |   68.40834    2.00355    34.14   0.000     64.48145    72.33522
             country12 |   33.84471   2.316629    14.61   0.000     29.30421    38.38522
             country13 |    8.77521   2.629069     3.34   0.001     3.622329    13.92809
             country14 |  -2.163857   3.698758    -0.59   0.559    -9.413289    5.085575
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   47.57204   3.008083    15.81   0.000      41.6763    53.46777
             country18 |    44.1159   2.131484    20.70   0.000     39.93827    48.29354
                 _cons |   40.39635   4.669637     8.65   0.000     31.24403    49.54867
-----------------------+----------------------------------------------------------------
                   rho |   .4953416
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_42 |        241    441.6258    1057.761    .482557    6135.72

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        173
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.416667
                                                              max =         31
Estimated covariances      =        78          R-squared         =     0.9488
Estimated autocorrelations =         1          Wald chi2(22)     =    4634.25
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -.9063229   2.570364    -0.35   0.724    -5.944144    4.131498
                 OC_42 |  -.0070048    .003061    -2.29   0.022    -.0130042   -.0010054
                       |
     c.CA_cent#c.OC_42 |    .013998   .0057933     2.42   0.016     .0026434    .0253526
                       |
                 OB_01 |
De facto crawling peg  |  -.6064829   .6205594    -0.98   0.328    -1.822757    .6097912
     Managed floating  |  -.5325354   .6640301    -0.80   0.423    -1.834011    .7689397
      Freely floating  |  -1.477251   .8271619    -1.79   0.074    -3.098458    .1439568
                       |
                DA_pc8 |   .1018353   .0668698     1.52   0.128     -.029227    .2328977
             DC_total1 |  -.2402984   .1383314    -1.74   0.082    -.5114231    .0308262
           DD_overall2 |   .6021683   .1344195     4.48   0.000      .338711    .8656257
              DE_total |  -.0144346   .0756306    -0.19   0.849    -.1626679    .1337987
           DG_nominal1 |  -.1208725   .0163814    -7.38   0.000    -.1529795   -.0887655
              country2 |   24.46525   2.162367    11.31   0.000     20.22708    28.70341
              country3 |          0  (omitted)
              country4 |   15.67052   1.726391     9.08   0.000     12.28686    19.05418
              country5 |   21.87721   1.255979    17.42   0.000     19.41554    24.33889
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   12.27294   1.475876     8.32   0.000     9.380277     15.1656
              country9 |          0  (omitted)
             country10 |   11.59101    1.44373     8.03   0.000     8.761349    14.42067
             country11 |  -7.137577    1.30355    -5.48   0.000    -9.692488   -4.582666
             country12 |   41.36993   1.777559    23.27   0.000     37.88598    44.85388
             country13 |   15.80617   1.794973     8.81   0.000     12.28809    19.32426
             country14 |   14.86977    2.36399     6.29   0.000     10.23643    19.50311
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   6.957066   1.781221     3.91   0.000     3.465937     10.4482
             country18 |  -10.26597   1.267307    -8.10   0.000    -12.74985   -7.782097
                 _cons |   17.51401   4.515486     3.88   0.000     8.663821     26.3642
-----------------------+----------------------------------------------------------------
                   rho |   .6381724
----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        173
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.416667
                                                              max =         31
Estimated covariances      =        78          R-squared         =     0.9575
Estimated autocorrelations =         1          Wald chi2(22)     =    7163.77
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   -1.15955    2.25941    -0.51   0.608    -5.587913    3.268813
                 OC_42 |  -.0099212   .0026067    -3.81   0.000    -.0150302   -.0048123
                       |
     c.CA_cent#c.OC_42 |   .0187113    .004928     3.80   0.000     .0090526    .0283699
                       |
                 OB_01 |
De facto crawling peg  |  -.6307648   .6085877    -1.04   0.300    -1.823575    .5620453
     Managed floating  |  -.4425287   .6857599    -0.65   0.519    -1.786593    .9015361
      Freely floating  |  -1.551282   .7909402    -1.96   0.050    -3.101496   -.0010677
                       |
                DA_pc8 |   .1004282   .0620613     1.62   0.106    -.0212097    .2220662
             DC_total1 |  -.2196194   .1240977    -1.77   0.077    -.4628464    .0236076
           DD_overall2 |   .6491976   .1213792     5.35   0.000     .4112988    .8870965
              DE_total |  -.0245181   .0676752    -0.36   0.717     -.157159    .1081227
           DG_nominal1 |  -.1207606   .0146806    -8.23   0.000    -.1495342   -.0919871
              country2 |   26.34932   2.041198    12.91   0.000     22.34864    30.34999
              country3 |          0  (omitted)
              country4 |   15.13301   1.593614     9.50   0.000     12.00958    18.25644
              country5 |   23.64027   1.221544    19.35   0.000     21.24609    26.03445
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   14.15992   1.435045     9.87   0.000     11.34728    16.97256
              country9 |          0  (omitted)
             country10 |   13.61163   1.348741    10.09   0.000     10.96814    16.25511
             country11 |  -5.152472   1.247119    -4.13   0.000     -7.59678   -2.708164
             country12 |   41.94158   1.662975    25.22   0.000     38.68221    45.20095
             country13 |   16.09441   1.600437    10.06   0.000     12.95761    19.23121
             country14 |   15.71224   2.042495     7.69   0.000     11.70902    19.71546
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   8.324103   1.640063     5.08   0.000      5.10964    11.53857
             country18 |  -8.956027   1.138712    -7.87   0.000    -11.18786   -6.724192
                 _cons |   15.35888   4.099966     3.75   0.000     7.323094    23.39466
-----------------------+----------------------------------------------------------------
                   rho |   .6132398
----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        171
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =      14.25
                                                              max =         31
Estimated covariances      =        78          R-squared         =     0.9778
Estimated autocorrelations =         1          Wald chi2(21)     =  149652.53
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |  -9.629221   3.344331    -2.88   0.004    -16.18399   -3.074452
                 OC_42 |  -.0143277   .0032421    -4.42   0.000    -.0206821   -.0079732
                       |
     c.CA_cent#c.OC_42 |   .0247974   .0061937     4.00   0.000      .012658    .0369367
                       |
                 OB_01 |
De facto crawling peg  |   -1.16743   .8228803    -1.42   0.156    -2.780245    .4453862
     Managed floating  |    .152585   1.547434     0.10   0.921     -2.88033      3.1855
      Freely floating  |    -.55581   1.140455    -0.49   0.626    -2.791061    1.679441
                       |
                DA_pc8 |   .0695374   .0847414     0.82   0.412    -.0965527    .2356276
             DC_total1 |  -.0863164   .1774808    -0.49   0.627    -.4341723    .2615395
           DD_overall2 |    .999697   .1571802     6.36   0.000     .6916295    1.307764
              DE_total |   -.371218   .0832883    -4.46   0.000    -.5344601   -.2079758
           DG_nominal1 |    .017365   .0188478     0.92   0.357    -.0195759     .054306
              country2 |   66.85178   2.894828    23.09   0.000     61.17802    72.52554
              country3 |          0  (omitted)
              country4 |   36.10361   2.145222    16.83   0.000     31.89905    40.30817
              country5 |   36.22324   1.706882    21.22   0.000     32.87782    39.56867
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |    61.3256   1.639897    37.40   0.000     58.11146    64.53974
              country9 |          0  (omitted)
             country10 |   68.37914   1.637572    41.76   0.000     65.16955    71.58872
             country11 |   67.15437   2.079464    32.29   0.000      63.0787    71.23005
             country12 |   33.95765   2.320403    14.63   0.000     29.40975    38.50556
             country13 |   7.304227   2.667301     2.74   0.006     2.076413    12.53204
             country14 |   6.448252   3.107893     2.07   0.038     .3568943    12.53961
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   47.73698   2.821757    16.92   0.000     42.20644    53.26752
             country18 |    44.0453    1.94131    22.69   0.000      40.2404    47.85019
                 _cons |   39.57042   4.632289     8.54   0.000      30.4913    48.64954
-----------------------+----------------------------------------------------------------
                   rho |    .517219
----------------------------------------------------------------------------------------

. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Table F
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach NTR of varlist BB_dunning2 BB_oil2 BB_wdi6 OC_41 OC_42 {
  2. 
. sum `NTR'
  3. local min3 = round(r(min),10)
  4. local max3 = round(r(max),10)
  5. local step3 = (`max3' - `min3')/10
  6. 
. global exports_ineq_reg1 "xtpcse c.DB_exports_clean5 c.$IN##c.`NTR' $controls_exports   , pa
> irwise correlation(ar1)"
  7. global exports_ineq_reg2 "xtpcse c.DB_exports_clean6 c.$IN##c.`NTR' $controls_exports   ,
>  pairwise correlation(ar1)"
  8. global exports_ineq_reg3 "xtpcse c.DB_manu1 c.$IN##c.`NTR' $controls_exports   , pairwise
>  correlation(ar1)"
  9. 
. forvalues x=1/3 {
 10.         capture noisily ${exports_ineq_reg`x'} 
 11.         }
 12. }

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
 BB_dunning2 |        756    100.4157     265.054          0   2759.885
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        242
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.444444
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9600
Estimated autocorrelations =         1          Wald chi2(25)     =  705657.62
Estimated coefficients     =        29          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -66.91461   20.16161    -3.32   0.001    -106.4306   -27.39858
             BB_dunning2 |   .0213542   .0097116     2.20   0.028     .0023198    .0403887
                         |
c.CC_gini3#c.BB_dunning2 |  -.0824675   .0360881    -2.29   0.022    -.1531989   -.0117361
                         |
                   OB_01 |
  De facto crawling peg  |   -.827232   .7823073    -1.06   0.290    -2.360526    .7060622
       Managed floating  |  -.7671936   1.499949    -0.51   0.609    -3.707039    2.172652
        Freely floating  |   .7029887   .9650608     0.73   0.466    -1.188496    2.594473
                         |
                  DA_pc8 |   .2103571   .1121776     1.88   0.061     -.009507    .4302212
               DC_total1 |  -.3835789   .1200953    -3.19   0.001    -.6189614   -.1481965
             DD_overall2 |   .2058641   .1735974     1.19   0.236    -.1343804    .5461087
                DE_total |   .3693178   .0811823     4.55   0.000     .2102033    .5284323
             DG_nominal1 |  -.1816433   .0167824   -10.82   0.000    -.2145362   -.1487504
                country2 |   19.74767   2.324662     8.49   0.000     15.19142    24.30392
                country3 |   53.63999   2.265798    23.67   0.000      49.1991    58.08087
                country4 |   18.03781   2.139089     8.43   0.000     13.84528    22.23035
                country5 |   18.89419   2.411532     7.83   0.000     14.16768    23.62071
                country6 |   19.08218   2.209703     8.64   0.000     14.75124    23.41312
                country7 |   10.87339    1.68659     6.45   0.000     7.567738    14.17905
                country8 |   9.178133   1.488253     6.17   0.000     6.261211    12.09506
                country9 |   65.77527   2.890428    22.76   0.000     60.11013     71.4404
               country10 |   13.50195   1.837713     7.35   0.000     9.900098     17.1038
               country11 |  -6.530524   1.792784    -3.64   0.000    -10.04432   -3.016732
               country12 |   42.64881   1.731056    24.64   0.000       39.256    46.04162
               country13 |   15.71678   2.799752     5.61   0.000     10.22937    21.20419
               country14 |   14.30128   2.510064     5.70   0.000     9.381644    19.22091
               country15 |     21.753   2.176482     9.99   0.000     17.48718    26.01883
               country16 |   21.81387     2.3372     9.33   0.000     17.23304     26.3947
               country17 |   14.36793   1.901098     7.56   0.000     10.64184    18.09401
               country18 |  -4.812877   1.943371    -2.48   0.013    -8.621815   -1.003939
                   _cons |   16.88623   7.198483     2.35   0.019     2.777463      30.995
-------------------------+----------------------------------------------------------------
                     rho |   .5661885
------------------------------------------------------------------------------------------
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        242
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.444444
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9585
Estimated autocorrelations =         1          Wald chi2(26)     =  219471.25
Estimated coefficients     =        29          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -65.64488   20.30965    -3.23   0.001    -105.4511   -25.83871
             BB_dunning2 |   .0215801   .0090653     2.38   0.017     .0038124    .0393477
                         |
c.CC_gini3#c.BB_dunning2 |  -.0875202   .0336999    -2.60   0.009    -.1535708   -.0214696
                         |
                   OB_01 |
  De facto crawling peg  |  -.7991844   .7794647    -1.03   0.305    -2.326907    .7285384
       Managed floating  |  -.6380955   1.496131    -0.43   0.670    -3.570459    2.294268
        Freely floating  |   .8363734   .9585712     0.87   0.383    -1.042392    2.715138
                         |
                  DA_pc8 |   .1779298   .1080744     1.65   0.100    -.0338921    .3897517
               DC_total1 |  -.3918609    .117812    -3.33   0.001    -.6227683   -.1609536
             DD_overall2 |   .2167665   .1755733     1.23   0.217    -.1273509    .5608838
                DE_total |   .3669287   .0819197     4.48   0.000      .206369    .5274884
             DG_nominal1 |  -.1769933   .0162971   -10.86   0.000    -.2089351   -.1450515
                country2 |   21.48951   2.424635     8.86   0.000     16.73731    26.24171
                country3 |   55.59101   2.345051    23.71   0.000     50.99479    60.18722
                country4 |   18.00964   2.256433     7.98   0.000     13.58712    22.43217
                country5 |   20.68632   2.454794     8.43   0.000     15.87501    25.49763
                country6 |   19.97453   2.275352     8.78   0.000     15.51492    24.43414
                country7 |   12.71704   1.752616     7.26   0.000     9.281971     16.1521
                country8 |   10.91162   1.589958     6.86   0.000     7.795357    14.02788
                country9 |   67.35419   3.051247    22.07   0.000     61.37386    73.33452
               country10 |   15.30951   1.964381     7.79   0.000      11.4594    19.15963
               country11 |  -4.738944   1.859607    -2.55   0.011    -8.383706   -1.094182
               country12 |   43.40032   1.790905    24.23   0.000     39.89021    46.91043
               country13 |   15.68743   2.865894     5.47   0.000     10.07038    21.30448
               country14 |   15.10648   2.532277     5.97   0.000     10.14331    20.06965
               country15 |   22.86517   2.237764    10.22   0.000     18.47923     27.2511
               country16 |   23.40655   2.304731    10.16   0.000     18.88936    27.92374
               country17 |   15.70392   1.981597     7.92   0.000     11.82006    19.58777
               country18 |  -3.420417   2.020471    -1.69   0.090    -7.380468    .5396329
                   _cons |   14.27908   7.195041     1.98   0.047      .177059     28.3811
-------------------------+----------------------------------------------------------------
                     rho |   .5967021
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        240
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.333333
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9737
Estimated autocorrelations =         1          Wald chi2(25)     =  144165.85
Estimated coefficients     =        29          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -37.81162    21.0147    -1.80   0.072    -78.99968    3.376429
             BB_dunning2 |   .0287686   .0111714     2.58   0.010     .0068731    .0506641
                         |
c.CC_gini3#c.BB_dunning2 |  -.1266998   .0404229    -3.13   0.002    -.2059273   -.0474723
                         |
                   OB_01 |
  De facto crawling peg  |  -1.348519   .6798124    -1.98   0.047    -2.680927   -.0161116
       Managed floating  |  -2.044186   1.742741    -1.17   0.241    -5.459895    1.371523
        Freely floating  |   1.963139   1.226271     1.60   0.109     -.440308    4.366585
                         |
                  DA_pc8 |  -.0081768   .0907304    -0.09   0.928    -.1860052    .1696515
               DC_total1 |  -.3027858   .0969421    -3.12   0.002    -.4927889   -.1127827
             DD_overall2 |   .3280972   .1436316     2.28   0.022     .0465845      .60961
                DE_total |   .0654886   .0619719     1.06   0.291    -.0559741    .1869514
             DG_nominal1 |   .0108718   .0192878     0.56   0.573    -.0269316    .0486751
                country2 |   54.97149   3.220102    17.07   0.000      48.6602    61.28277
                country3 |   49.26595   2.129675    23.13   0.000     45.09186    53.44003
                country4 |   39.66576   1.871372    21.20   0.000     35.99794    43.33358
                country5 |   31.12116   2.250901    13.83   0.000     26.70948    35.53285
                country6 |   55.73815   2.288217    24.36   0.000     51.25333    60.22297
                country7 |   51.43814   1.725413    29.81   0.000     48.05639    54.81988
                country8 |   54.88416   1.789628    30.67   0.000     51.37656    58.39177
                country9 |    50.4444   2.641862    19.09   0.000     45.26644    55.62235
               country10 |   65.00324   2.019146    32.19   0.000     61.04579     68.9607
               country11 |   65.60364   1.430806    45.85   0.000     62.79931    68.40797
               country12 |    32.2041   2.422811    13.29   0.000     27.45548    36.95273
               country13 |   5.280032     3.1998     1.65   0.099    -.9914618    11.55153
               country14 |   3.524891   3.184875     1.11   0.268    -2.717349     9.76713
               country15 |   53.09697   2.755159    19.27   0.000     47.69696    58.49699
               country16 |   57.71899   2.088967    27.63   0.000     53.62469    61.81329
               country17 |   56.28645   2.790957    20.17   0.000     50.81628    61.75663
               country18 |   50.52073   1.825387    27.68   0.000     46.94304    54.09843
                   _cons |   27.48347    5.98943     4.59   0.000     15.74441    39.22254
-------------------------+----------------------------------------------------------------
                     rho |   .5002809
------------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_oil2 |        720     6.59739    10.54686      .0431   67.87345

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country16 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        225
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.235294
                                                              max =         26
Estimated covariances      =       153          R-squared         =     0.9622
Estimated autocorrelations =         1          Wald chi2(26)     =  461185.10
Estimated coefficients     =        28          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -40.90787   19.33697    -2.12   0.034    -78.80764   -3.008103
               BB_oil2 |   2.333779   .4108572     5.68   0.000     1.528514    3.139045
                       |
  c.CC_gini3#c.BB_oil2 |  -8.915525   1.556175    -5.73   0.000    -11.96557   -5.865478
                       |
                 OB_01 |
De facto crawling peg  |  -.0632746   .7691287    -0.08   0.934    -1.570739     1.44419
     Managed floating  |  -.8341648   1.482637    -0.56   0.574    -3.740081    2.071751
      Freely floating  |    .395914   .9054933     0.44   0.662     -1.37882    2.170648
                       |
                DA_pc8 |   .1732317   .1025224     1.69   0.091    -.0277084    .3741719
             DC_total1 |  -.3714206   .1126019    -3.30   0.001    -.5921162   -.1507249
           DD_overall2 |   .2389138   .1657544     1.44   0.149    -.0859589    .5637864
              DE_total |   .4065875   .0822821     4.94   0.000     .2453175    .5678576
           DG_nominal1 |  -.2005611   .0167449   -11.98   0.000    -.2333805   -.1677417
              country2 |   12.61475    2.85873     4.41   0.000     7.011744    18.21776
              country3 |   43.87193   2.843487    15.43   0.000      38.2988    49.44506
              country4 |   10.16218   2.351547     4.32   0.000     5.553231    14.77113
              country5 |   10.83982   3.311384     3.27   0.001     4.349626    17.33001
              country6 |   11.95818   2.873265     4.16   0.000     6.326684    17.58967
              country7 |   3.465275   2.477392     1.40   0.162    -1.390324    8.320875
              country8 |   1.773309     2.4412     0.73   0.468    -3.011356    6.557974
              country9 |   57.47729   3.116273    18.44   0.000      51.3695    63.58507
             country10 |   5.369736   2.619021     2.05   0.040     .2365498    10.50292
             country11 |  -14.82006    2.44492    -6.06   0.000    -19.61201    -10.0281
             country12 |   36.07585   2.062689    17.49   0.000     32.03305    40.11864
             country13 |   7.300448   3.282309     2.22   0.026     .8672406    13.73366
             country14 |   3.698166   3.489945     1.06   0.289       -3.142    10.53833
             country15 |   14.74892   2.905267     5.08   0.000     9.054701    20.44314
             country16 |          0  (omitted)
             country17 |   9.293933   2.192817     4.24   0.000      4.99609    13.59178
             country18 |  -14.74811   2.156496    -6.84   0.000    -18.97476   -10.52145
                 _cons |   15.10268    7.20782     2.10   0.036     .9756104    29.22974
-----------------------+----------------------------------------------------------------
                   rho |   .5717365
----------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        225
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.235294
                                                              max =         26
Estimated covariances      =       153          R-squared         =     0.9600
Estimated autocorrelations =         1          Wald chi2(26)     =   94553.22
Estimated coefficients     =        28          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -40.92749   19.62093    -2.09   0.037     -79.3838   -2.471184
               BB_oil2 |   2.078369   .4114944     5.05   0.000     1.271855    2.884883
                       |
  c.CC_gini3#c.BB_oil2 |  -8.340139   1.563275    -5.34   0.000     -11.4041   -5.276176
                       |
                 OB_01 |
De facto crawling peg  |  -.1199959   .7678127    -0.16   0.876    -1.624881    1.384889
     Managed floating  |   -.699996   1.490213    -0.47   0.639    -3.620759    2.220767
      Freely floating  |   .3996672   .9168852     0.44   0.663    -1.397395    2.196729
                       |
                DA_pc8 |   .1463161   .0987888     1.48   0.139    -.0473063    .3399386
             DC_total1 |  -.3655697   .1105793    -3.31   0.001    -.5823011   -.1488383
           DD_overall2 |   .2263342   .1678747     1.35   0.178    -.1026942    .5553627
              DE_total |   .4088569   .0835268     4.89   0.000     .2451473    .5725665
           DG_nominal1 |  -.1915142   .0165128   -11.60   0.000    -.2238786   -.1591497
              country2 |   12.84194   2.911874     4.41   0.000     7.134772    18.54911
              country3 |   44.56745   2.797135    15.93   0.000     39.08517    50.04973
              country4 |    8.94767    2.38014     3.76   0.000     4.282681    13.61266
              country5 |   11.51869   3.329908     3.46   0.001     4.992188    18.04519
              country6 |   11.44745    2.90038     3.95   0.000     5.762806    17.13209
              country7 |   3.977721   2.458576     1.62   0.106    -.8409989     8.79644
              country8 |   2.102472   2.418566     0.87   0.385    -2.637831    6.842775
              country9 |   57.58209   3.117849    18.47   0.000     51.47122    63.69296
             country10 |   5.683058   2.669521     2.13   0.033     .4508936    10.91522
             country11 |  -14.21839   2.383428    -5.97   0.000    -18.88983   -9.546959
             country12 |   36.14363   2.075537    17.41   0.000     32.07565    40.21161
             country13 |   5.665295   3.427731     1.65   0.098    -1.052935    12.38353
             country14 |   7.280234   3.536843     2.06   0.040     .3481486    14.21232
             country15 |   14.52804   2.999143     4.84   0.000     8.649825    20.40625
             country16 |          0  (omitted)
             country17 |   9.484786   2.299492     4.12   0.000     4.977864    13.99171
             country18 |  -14.88425   2.104366    -7.07   0.000    -19.00873   -10.75977
                 _cons |   13.97939   7.226165     1.93   0.053    -.1836343    28.14241
-----------------------+----------------------------------------------------------------
                   rho |   .6028923
----------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country16 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        225
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.235294
                                                              max =         26
Estimated covariances      =       153          R-squared         =     0.9780
Estimated autocorrelations =         1          Wald chi2(26)     =  440237.68
Estimated coefficients     =        28          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |    -21.271   21.56218    -0.99   0.324     -63.5321    20.99011
               BB_oil2 |     1.1578   .3460375     3.35   0.001     .4795793    1.836021
                       |
  c.CC_gini3#c.BB_oil2 |  -6.897136   1.274122    -5.41   0.000    -9.394369   -4.399902
                       |
                 OB_01 |
De facto crawling peg  |  -.6792617   .6078337    -1.12   0.264    -1.870594    .5120704
     Managed floating  |  -1.966827    1.82119    -1.08   0.280    -5.536295     1.60264
      Freely floating  |   .8375609   1.173677     0.71   0.475    -1.462805    3.137926
                       |
                DA_pc8 |  -.0060675   .0777464    -0.08   0.938    -.1584477    .1463127
             DC_total1 |  -.1864824   .0929601    -2.01   0.045    -.3686809   -.0042838
           DD_overall2 |   .2305475   .1451793     1.59   0.112    -.0539986    .5150936
              DE_total |   .1279415   .0576604     2.22   0.026     .0149291    .2409538
           DG_nominal1 |   .0035741   .0194847     0.18   0.854    -.0346152    .0417634
              country2 |      36.48   3.595658    10.15   0.000     29.43264    43.52736
              country3 |   34.77727   2.084002    16.69   0.000      30.6927    38.86184
              country4 |   23.79934    1.84839    12.88   0.000     20.17656    27.42212
              country5 |   13.70343   2.604754     5.26   0.000     8.598209    18.80866
              country6 |    37.5414   2.388742    15.72   0.000     32.85955    42.22325
              country7 |   33.83453    1.95826    17.28   0.000     29.99642    37.67265
              country8 |   36.81778   2.108291    17.46   0.000      32.6856    40.94995
              country9 |   30.79611   2.974777    10.35   0.000     24.96565    36.62657
             country10 |   45.65136   2.152083    21.21   0.000     41.43335    49.86936
             country11 |   47.89419   1.865481    25.67   0.000     44.23791    51.55047
             country12 |   19.76989   2.516787     7.86   0.000     14.83708    24.70271
             country13 |  -14.65278   3.212913    -4.56   0.000    -20.94998    -8.35559
             country14 |   10.37651   3.456217     3.00   0.003      3.60245    17.15057
             country15 |   35.69622   2.836657    12.58   0.000     30.13647    41.25597
             country16 |          0  (omitted)
             country17 |   43.02955   2.721295    15.81   0.000     37.69591    48.36319
             country18 |   29.75033   1.930948    15.41   0.000     25.96574    33.53492
                 _cons |   38.56674   6.443868     5.99   0.000     25.93699    51.19649
-----------------------+----------------------------------------------------------------
                   rho |   .5558527
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_wdi6 |        703    .8306209    2.115902          0   15.63309
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        242
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.444444
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9639
Estimated autocorrelations =         1          Wald chi2(27)     =  169413.00
Estimated coefficients     =        29          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -69.17815   19.84311    -3.49   0.000    -108.0699   -30.28636
               BB_wdi6 |   7.126574   1.697243     4.20   0.000     3.800039    10.45311
                       |
  c.CC_gini3#c.BB_wdi6 |  -28.72849   6.445833    -4.46   0.000    -41.36209   -16.09489
                       |
                 OB_01 |
De facto crawling peg  |   -.564669   .7494528    -0.75   0.451     -2.03357    .9042315
     Managed floating  |  -1.052138   1.474747    -0.71   0.476    -3.942589    1.838312
      Freely floating  |   .5298399   .9566645     0.55   0.580    -1.345188    2.404868
                       |
                DA_pc8 |   .2009203   .1120927     1.79   0.073    -.0187773    .4206179
             DC_total1 |  -.3746726   .1176474    -3.18   0.001    -.6052573   -.1440879
           DD_overall2 |   .1265545   .1694887     0.75   0.455    -.2056371    .4587462
              DE_total |   .4150626   .0814625     5.10   0.000     .2553991    .5747262
           DG_nominal1 |  -.2040042   .0177939   -11.46   0.000    -.2388795   -.1691289
              country2 |      18.71   2.409284     7.77   0.000      13.9879    23.43211
              country3 |   53.14769   2.257444    23.54   0.000     48.72318     57.5722
              country4 |   16.88716   2.073907     8.14   0.000     12.82238    20.95194
              country5 |   17.46737   2.463992     7.09   0.000     12.63803     22.2967
              country6 |   17.94454   2.237076     8.02   0.000     13.55995    22.32913
              country7 |   10.06474   1.707682     5.89   0.000     6.717745    13.41173
              country8 |   8.257307   1.523256     5.42   0.000      5.27178    11.24283
              country9 |   65.52102   2.761031    23.73   0.000     60.10949    70.93254
             country10 |   12.26581   1.868872     6.56   0.000     8.602887    15.92873
             country11 |  -7.302124   1.860922    -3.92   0.000    -10.94946   -3.654785
             country12 |   42.07795   1.713465    24.56   0.000     38.71963    45.43628
             country13 |   14.76728   2.692314     5.48   0.000     9.490445    20.04412
             country14 |   15.56758   2.614106     5.96   0.000     10.44403    20.69113
             country15 |   21.11122   2.235356     9.44   0.000        16.73    25.49243
             country16 |   21.69239   2.358392     9.20   0.000     17.07002    26.31475
             country17 |   16.60162   1.980421     8.38   0.000     12.72007    20.48317
             country18 |  -5.367701   1.822012    -2.95   0.003     -8.93878   -1.796623
                 _cons |    18.1062    7.10526     2.55   0.011     4.180145    32.03225
-----------------------+----------------------------------------------------------------
                   rho |    .554142
----------------------------------------------------------------------------------------
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        242
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.444444
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9636
Estimated autocorrelations =         1          Wald chi2(27)     =  148617.69
Estimated coefficients     =        29          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -67.34656   19.78218    -3.40   0.001    -106.1189   -28.57419
               BB_wdi6 |    6.95289   1.586583     4.38   0.000     3.843245    10.06254
                       |
  c.CC_gini3#c.BB_wdi6 |   -28.8498   6.060618    -4.76   0.000    -40.72839    -16.9712
                       |
                 OB_01 |
De facto crawling peg  |  -.5649447   .7419634    -0.76   0.446    -2.019166    .8892769
     Managed floating  |  -.9166719   1.470296    -0.62   0.533    -3.798398    1.965055
      Freely floating  |   .5729117   .9334658     0.61   0.539    -1.256648    2.402471
                       |
                DA_pc8 |   .1745555   .1071767     1.63   0.103    -.0355069     .384618
             DC_total1 |  -.3775644   .1140915    -3.31   0.001    -.6011796   -.1539493
           DD_overall2 |   .1214973    .169795     0.72   0.474    -.2112948    .4542895
              DE_total |   .4186487   .0818018     5.12   0.000     .2583201    .5789774
           DG_nominal1 |  -.1982705   .0170676   -11.62   0.000    -.2317223   -.1648186
              country2 |   20.37724   2.490225     8.18   0.000     15.49649    25.25799
              country3 |   55.06897   2.296659    23.98   0.000      50.5676    59.57034
              country4 |   16.36855   2.153016     7.60   0.000     12.14871    20.58838
              country5 |   19.35234   2.472639     7.83   0.000     14.50605    24.19862
              country6 |   18.75193   2.254918     8.32   0.000     14.33237    23.17149
              country7 |   11.84011   1.741872     6.80   0.000     8.426104    15.25412
              country8 |   9.970255   1.597983     6.24   0.000     6.838266    13.10224
              country9 |   67.04238   2.888497    23.21   0.000     61.38103    72.70373
             country10 |   13.88521   1.963644     7.07   0.000     10.03654    17.73388
             country11 |  -5.436974   1.906143    -2.85   0.004    -9.172945   -1.701003
             country12 |   42.73959   1.751376    24.40   0.000     39.30696    46.17223
             country13 |    14.4929   2.748585     5.27   0.000      9.10577    19.88003
             country14 |   17.01243   2.512293     6.77   0.000     12.08843    21.93644
             country15 |   22.16298   2.271549     9.76   0.000     17.71083    26.61514
             country16 |   23.38178   2.303683    10.15   0.000     18.86665    27.89692
             country17 |   17.96108   2.031574     8.84   0.000     13.97926    21.94289
             country18 |  -4.201279   1.911089    -2.20   0.028    -7.946946   -.4556126
                 _cons |   15.05886   6.980294     2.16   0.031     1.377732    28.73998
-----------------------+----------------------------------------------------------------
                   rho |   .5800719
----------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        240
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.333333
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9770
Estimated autocorrelations =         1          Wald chi2(24)     =  168193.73
Estimated coefficients     =        29          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -42.61701   19.64259    -2.17   0.030    -81.11577    -4.11825
               BB_wdi6 |   4.740862   1.900422     2.49   0.013     1.016103     8.46562
                       |
  c.CC_gini3#c.BB_wdi6 |  -23.63493   7.034722    -3.36   0.001    -37.42273   -9.847127
                       |
                 OB_01 |
De facto crawling peg  |  -.9604938   .6175002    -1.56   0.120    -2.170772    .2497844
     Managed floating  |  -2.139658   1.677085    -1.28   0.202    -5.426683    1.147368
      Freely floating  |   1.257393   1.225074     1.03   0.305    -1.143707    3.658493
                       |
                DA_pc8 |   .0076055   .0848229     0.09   0.929    -.1586442    .1738552
             DC_total1 |  -.2659106    .095005    -2.80   0.005     -.452117   -.0797042
           DD_overall2 |   .1658249   .1367518     1.21   0.225    -.1022037    .4338535
              DE_total |   .1475369   .0595846     2.48   0.013     .0307532    .2643205
           DG_nominal1 |  -.0086233   .0185648    -0.46   0.642    -.0450097    .0277631
              country2 |   53.33854   2.914072    18.30   0.000     47.62706    59.05001
              country3 |   48.66169   2.077296    23.43   0.000     44.59027    52.73312
              country4 |   36.19404   1.660755    21.79   0.000     32.93902    39.44906
              country5 |    29.8814    2.16029    13.83   0.000     25.64731    34.11549
              country6 |   53.79153   2.104649    25.56   0.000      49.6665    57.91657
              country7 |   50.31044   1.649697    30.50   0.000      47.0771    53.54379
              country8 |   53.79498   1.643534    32.73   0.000     50.57371    57.01625
              country9 |    50.0971    2.54863    19.66   0.000     45.10188    55.09232
             country10 |   62.80957   1.978548    31.75   0.000     58.93169    66.68746
             country11 |   65.45591    1.23201    53.13   0.000     63.04122    67.87061
             country12 |   31.29477   2.323927    13.47   0.000     26.73995    35.84958
             country13 |   2.958865   3.068999     0.96   0.335    -3.056263    8.973993
             country14 |   10.24102   3.075763     3.33   0.001     4.212638    16.26941
             country15 |   51.67609   2.515524    20.54   0.000     46.74575    56.60642
             country16 |   57.81923   2.001018    28.89   0.000     53.89731    61.74115
             country17 |   58.27017   2.700921    21.57   0.000     52.97647    63.56388
             country18 |   48.55933   1.677387    28.95   0.000     45.27171    51.84695
                 _cons |    27.8158   5.636432     4.94   0.000      16.7686    38.86301
-----------------------+----------------------------------------------------------------
                   rho |   .4901322
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_41 |        254    48.78192    112.7198    .041802   688.8552
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        162
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =       13.5
                                                              max =         26
Estimated covariances      =        78          R-squared         =     0.9689
Estimated autocorrelations =         1          Wald chi2(21)     =    9043.16
Estimated coefficients     =        22          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -5.490475   17.68191    -0.31   0.756    -40.14638    29.16543
                 OC_41 |   .2124683   .0455749     4.66   0.000     .1231431    .3017936
                       |
    c.CC_gini3#c.OC_41 |    -.85033   .1900721    -4.47   0.000    -1.222864   -.4777955
                       |
                 OB_01 |
De facto crawling peg  |  -.1596991   .7634045    -0.21   0.834    -1.655945    1.336546
     Managed floating  |   15.74501   2.272307     6.93   0.000     11.29137    20.19865
      Freely floating  |  -1.591462   .7937977    -2.00   0.045    -3.147277   -.0356476
                       |
                DA_pc8 |   .1969709   .0688239     2.86   0.004     .0620786    .3318632
             DC_total1 |  -.0101237    .131016    -0.08   0.938    -.2669104     .246663
           DD_overall2 |   .7079292   .1182037     5.99   0.000     .4762542    .9396042
              DE_total |   .0461387   .0645063     0.72   0.474    -.0802914    .1725687
           DG_nominal1 |  -.1622192   .0160309   -10.12   0.000    -.1936391   -.1307993
              country2 |    24.2412   2.137163    11.34   0.000     20.05244    28.42997
              country3 |          0  (omitted)
              country4 |   15.24387    1.51819    10.04   0.000     12.26827    18.21947
              country5 |    20.5956   1.677137    12.28   0.000     17.30848    23.88273
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   11.97484   1.327606     9.02   0.000     9.372784     14.5769
              country9 |          0  (omitted)
             country10 |   12.01699   1.565126     7.68   0.000     8.949402    15.08458
             country11 |  -5.804736   1.496615    -3.88   0.000    -8.738048   -2.871424
             country12 |   41.67568   1.749723    23.82   0.000     38.24629    45.10508
             country13 |   .5147821   2.784607     0.18   0.853    -4.942947    5.972511
             country14 |          0  (omitted)
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |  -9.070999   2.773069    -3.27   0.001    -14.50612   -3.635883
             country18 |  -8.861008   1.486267    -5.96   0.000    -11.77404   -5.947978
                 _cons |   12.52709    4.64605     2.70   0.007     3.421002    21.63318
-----------------------+----------------------------------------------------------------
                   rho |   .5152692
----------------------------------------------------------------------------------------
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        162
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =       13.5
                                                              max =         26
Estimated covariances      =        78          R-squared         =     0.9656
Estimated autocorrelations =         1          Wald chi2(21)     =   16195.36
Estimated coefficients     =        22          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -.1295359    17.0285    -0.01   0.994    -33.50477     33.2457
                 OC_41 |   .1623951   .0489709     3.32   0.001     .0664139    .2583763
                       |
    c.CC_gini3#c.OC_41 |  -.6334028   .2037059    -3.11   0.002    -1.032659   -.2341466
                       |
                 OB_01 |
De facto crawling peg  |  -.2169467   .7529255    -0.29   0.773    -1.692654     1.25876
     Managed floating  |   14.38828   2.297374     6.26   0.000     9.885508    18.89105
      Freely floating  |  -1.606416   .8213228    -1.96   0.050     -3.21618    .0033468
                       |
                DA_pc8 |   .1705578   .0655166     2.60   0.009     .0421475     .298968
             DC_total1 |  -.0549837   .1258121    -0.44   0.662    -.3015709    .1916035
           DD_overall2 |   .7515674   .1181301     6.36   0.000     .5200365    .9830982
              DE_total |   .0028689   .0650576     0.04   0.965    -.1246417    .1303795
           DG_nominal1 |  -.1483598    .015409    -9.63   0.000    -.1785609   -.1181588
              country2 |   26.54903   2.306622    11.51   0.000     22.02814    31.06993
              country3 |          0  (omitted)
              country4 |    14.3005   1.628121     8.78   0.000     11.10945    17.49156
              country5 |   22.93464   1.735383    13.22   0.000     19.53335    26.33592
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   14.35873   1.514936     9.48   0.000     11.38951    17.32795
              country9 |          0  (omitted)
             country10 |   14.18191   1.672149     8.48   0.000     10.90455    17.45926
             country11 |  -3.951937   1.572379    -2.51   0.012    -7.033743   -.8701318
             country12 |   42.40679   1.882616    22.53   0.000     38.71693    46.09665
             country13 |   2.206483   2.842928     0.78   0.438    -3.365553    7.778519
             country14 |          0  (omitted)
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |  -6.810884   2.830304    -2.41   0.016    -12.35818   -1.263589
             country18 |  -8.474605    1.56879    -5.40   0.000    -11.54938   -5.399833
                 _cons |   10.80541   4.574957     2.36   0.018     1.838655    19.77216
-----------------------+----------------------------------------------------------------
                   rho |   .5455398
----------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        160
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  13.333333
                                                              max =         26
Estimated covariances      =        78          R-squared         =     0.9832
Estimated autocorrelations =         1          Wald chi2(18)     = 7312251.69
Estimated coefficients     =        22          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |   77.91597   23.90385     3.26   0.001     31.06528    124.7667
                 OC_41 |   .0941495   .0579784     1.62   0.104    -.0194861     .207785
                       |
    c.CC_gini3#c.OC_41 |  -.2834991   .2449786    -1.16   0.247    -.7636483    .1966501
                       |
                 OB_01 |
De facto crawling peg  |   .1965428   .8945561     0.22   0.826    -1.556755    1.949841
     Managed floating  |  -4.869919   3.791314    -1.28   0.199    -12.30076     2.56092
      Freely floating  |  -1.313506   1.093257    -1.20   0.230     -3.45625    .8292387
                       |
                DA_pc8 |   .1333031   .0967639     1.38   0.168    -.0563506    .3229569
             DC_total1 |  -.1187627    .193156    -0.61   0.539    -.4973416    .2598161
           DD_overall2 |   1.078297   .1486048     7.26   0.000     .7870366    1.369557
              DE_total |  -.4681804    .087609    -5.34   0.000    -.6398908     -.29647
           DG_nominal1 |   .0168113    .020434     0.82   0.411    -.0232387    .0568613
              country2 |   65.16348   2.201014    29.61   0.000     60.84958    69.47739
              country3 |          0  (omitted)
              country4 |   32.68883   1.503431    21.74   0.000     29.74216     35.6355
              country5 |   37.37023   2.243222    16.66   0.000      32.9736    41.76687
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   63.00288    1.45653    43.26   0.000     60.14814    65.85763
              country9 |          0  (omitted)
             country10 |    65.1256   1.517019    42.93   0.000     62.15229     68.0989
             country11 |    65.8194   1.083418    60.75   0.000     63.69594    67.94286
             country12 |   32.42829     1.7088    18.98   0.000     29.07911    35.77748
             country13 |   10.38262   4.208087     2.47   0.014     2.134926    18.63032
             country14 |          0  (omitted)
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   47.87047   4.070278    11.76   0.000     39.89288    55.84807
             country18 |     39.568   1.258808    31.43   0.000     37.10078    42.03522
                 _cons |   20.95358     5.8817     3.56   0.000     9.425655     32.4815
-----------------------+----------------------------------------------------------------
                   rho |   .3963264
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_42 |        241    441.6258    1057.761    .482557    6135.72
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        162
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =       13.5
                                                              max =         26
Estimated covariances      =        78          R-squared         =     0.9700
Estimated autocorrelations =         1          Wald chi2(21)     =    8552.44
Estimated coefficients     =        22          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -9.499527   16.97232    -0.56   0.576    -42.76467    23.76562
                 OC_42 |   .0264698   .0036569     7.24   0.000     .0193025    .0336372
                       |
    c.CC_gini3#c.OC_42 |  -.1038626   .0145832    -7.12   0.000    -.1324452   -.0752801
                       |
                 OB_01 |
De facto crawling peg  |   .2003936    .776386     0.26   0.796    -1.321295    1.722082
     Managed floating  |   14.50941   1.804046     8.04   0.000     10.97354    18.04527
      Freely floating  |  -1.326013   .7852731    -1.69   0.091     -2.86512    .2130937
                       |
                DA_pc8 |   .1469551    .072773     2.02   0.043     .0043226    .2895876
             DC_total1 |  -.0826725   .1377881    -0.60   0.549    -.3527323    .1873873
           DD_overall2 |   .7341094    .121051     6.06   0.000     .4968537     .971365
              DE_total |   .0599198   .0665639     0.90   0.368    -.0705431    .1903827
           DG_nominal1 |  -.1722792   .0161317   -10.68   0.000    -.2038968   -.1406616
              country2 |   23.72511   2.058664    11.52   0.000      19.6902    27.76001
              country3 |          0  (omitted)
              country4 |   14.17337   1.568387     9.04   0.000     11.09939    17.24736
              country5 |   19.61612   1.702649    11.52   0.000     16.27899    22.95325
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |    11.5442   1.263402     9.14   0.000     9.067978    14.02042
              country9 |          0  (omitted)
             country10 |   12.16893   1.405251     8.66   0.000     9.414691    14.92317
             country11 |  -6.596718   1.492472    -4.42   0.000    -9.521909   -3.671527
             country12 |   41.33156   1.613446    25.62   0.000     38.16926    44.49385
             country13 |   1.843721   1.986391     0.93   0.353    -2.049535    5.736976
             country14 |          0  (omitted)
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |  -7.356421   2.187995    -3.36   0.001    -11.64481    -3.06803
             country18 |  -9.798277   1.410134    -6.95   0.000    -12.56209   -7.034466
                 _cons |   13.72272    4.76999     2.88   0.004     4.373713    23.07173
-----------------------+----------------------------------------------------------------
                   rho |   .5209317
----------------------------------------------------------------------------------------
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        162
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =       13.5
                                                              max =         26
Estimated covariances      =        78          R-squared         =     0.9685
Estimated autocorrelations =         1          Wald chi2(21)     =   12263.09
Estimated coefficients     =        22          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
     DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |   -2.98802    17.0071    -0.18   0.861    -36.32132    30.34528
                 OC_42 |   .0261183   .0037837     6.90   0.000     .0187024    .0335343
                       |
    c.CC_gini3#c.OC_42 |   -.104125   .0150669    -6.91   0.000    -.1336556   -.0745944
                       |
                 OB_01 |
De facto crawling peg  |   .0820576   .7446334     0.11   0.912    -1.377397    1.541512
     Managed floating  |   8.301935   1.549225     5.36   0.000     5.265509    11.33836
      Freely floating  |  -1.253948   .7740765    -1.62   0.105     -2.77111    .2632137
                       |
                DA_pc8 |    .121052   .0659453     1.84   0.066    -.0081983    .2503024
             DC_total1 |  -.0833537   .1242432    -0.67   0.502     -.326866    .1601586
           DD_overall2 |   .7359308   .1145148     6.43   0.000     .5114859    .9603757
              DE_total |    .047408   .0651136     0.73   0.467    -.0802123    .1750282
           DG_nominal1 |  -.1620653   .0150705   -10.75   0.000    -.1916029   -.1325277
              country2 |   25.81772    2.21123    11.68   0.000     21.48379    30.15165
              country3 |          0  (omitted)
              country4 |   13.79889   1.631074     8.46   0.000     10.60204    16.99573
              country5 |   21.99358   1.753749    12.54   0.000      18.5563    25.43087
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   13.52528   1.428185     9.47   0.000     10.72609    16.32447
              country9 |          0  (omitted)
             country10 |   13.86163   1.524104     9.09   0.000     10.87445    16.84882
             country11 |  -4.735988   1.539218    -3.08   0.002      -7.7528   -1.719177
             country12 |   42.16668   1.729611    24.38   0.000     38.77671    45.55666
             country13 |   7.986054   1.655904     4.82   0.000     4.740542    11.23157
             country14 |   7.823082   2.119701     3.69   0.000     3.668544    11.97762
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |          0  (omitted)
             country18 |  -8.913584   1.498727    -5.95   0.000    -11.85104   -5.976133
                 _cons |   10.02882   4.676169     2.14   0.032      .863694    19.19394
-----------------------+----------------------------------------------------------------
                   rho |   .5676995
----------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        160
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  13.333333
                                                              max =         26
Estimated covariances      =        78          R-squared         =     0.9826
Estimated autocorrelations =         1          Wald chi2(18)     =   42219.29
Estimated coefficients     =        22          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |   76.97691   26.59421     2.89   0.004     24.85321    129.1006
                 OC_42 |   .0238956   .0056789     4.21   0.000     .0127651    .0350261
                       |
    c.CC_gini3#c.OC_42 |  -.0993754    .022037    -4.51   0.000    -.1425672   -.0561836
                       |
                 OB_01 |
De facto crawling peg  |   .0889429    .842131     0.11   0.916    -1.561604    1.739489
     Managed floating  |   6.598374   3.061262     2.16   0.031     .5984114    12.59834
      Freely floating  |  -.9269363   1.094066    -0.85   0.397    -3.071266    1.217394
                       |
                DA_pc8 |   .1099928    .091819     1.20   0.231    -.0699692    .2899548
             DC_total1 |  -.0442804   .1854156    -0.24   0.811    -.4076882    .3191274
           DD_overall2 |   .9644028   .1506246     6.40   0.000      .669184    1.259622
              DE_total |  -.3986914   .0879819    -4.53   0.000    -.5711328     -.22625
           DG_nominal1 |   .0096281   .0192577     0.50   0.617    -.0281163    .0473726
              country2 |   63.52163   2.450273    25.92   0.000     58.71919    68.32408
              country3 |          0  (omitted)
              country4 |   33.37702   1.420835    23.49   0.000     30.59224    36.16181
              country5 |    36.4495   2.400219    15.19   0.000     31.74516    41.15384
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |   60.99009   1.535035    39.73   0.000     57.98148     63.9987
              country9 |          0  (omitted)
             country10 |   63.26385   1.619636    39.06   0.000     60.08943    66.43828
             country11 |   64.73198   1.158154    55.89   0.000     62.46204    67.00192
             country12 |   31.74087   1.941025    16.35   0.000     27.93653    35.54521
             country13 |  -2.494181   3.439428    -0.73   0.468    -9.235335    4.246974
             country14 |          0  (omitted)
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   37.14321   3.882848     9.57   0.000     29.53297    44.75345
             country18 |    40.0344   1.444142    27.72   0.000     37.20394    42.86487
                 _cons |   18.95745   6.272577     3.02   0.003     6.663428    31.25148
-----------------------+----------------------------------------------------------------
                   rho |   .4639784
----------------------------------------------------------------------------------------

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Table G
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach NTR of varlist BB_dunning2 BB_oil2 BB_wdi6 OC_41 OC_42 {
  2. 
. sum `NTR'
  3. local min3 = round(r(min),10)
  4. local max3 = round(r(max),10)
  5. local step3 = (`max3' - `min3')/10
  6. global wages_wage_reg1 "xtpcse c.DD_overall3 c.$WC##c.`NTR' $controls_wages   , pairwise 
> correlation(ar1)"
  7. global wages_wage_reg2 "xtpcse c.DD_rate1 c.$WC##c.`NTR' $controls_wages   , pairwise cor
> relation(ar1)"
  8. global wages_wage_reg3 "xtpcse c.DD_manu1 c.$WC##c.`NTR' $controls_wages   , pairwise cor
> relation(ar1)"
  9. 
. forvalues x=1/3 {
 10.         capture noisily ${wages_wage_reg`x'} 
 11.         }
 12. }

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
 BB_dunning2 |        756    100.4157     265.054          0   2759.885

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        199
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    12.4375
                                                              max =         31
Estimated covariances      =       136          R-squared         =     0.9030
Estimated autocorrelations =         1          Wald chi2(19)     =    5535.06
Estimated coefficients     =        24          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -31.96316   19.87843    -1.61   0.108    -70.92417    6.997858
            BB_dunning2 |   .0134152   .0064664     2.07   0.038     .0007412    .0260891
                        |
c.CA_cent#c.BB_dunning2 |   -.032159    .012459    -2.58   0.010    -.0565783   -.0077398
                        |
             CA_golden3 |   1.105057   34.95503     0.03   0.975    -67.40555    69.61567
                 DA_pc8 |  -.8743505   .1835664    -4.76   0.000    -1.234134   -.5145671
              DC_total1 |  -.1857956   .2207254    -0.84   0.400    -.6184095    .2468182
               DE_total |   1.790668   .0625755    28.62   0.000     1.668023    1.913314
                DG_cpi5 |  -.7470162   .2394825    -3.12   0.002    -1.216393    -.277639
               country2 |   14.06398   7.877897     1.79   0.074    -1.376417    29.50437
               country3 |   18.33606   4.625897     3.96   0.000      9.26947    27.40265
               country4 |  -12.87686   7.731422    -1.67   0.096    -28.03017     2.27645
               country5 |   13.89488   3.254404     4.27   0.000      7.51637     20.2734
               country6 |    7.28115   5.225884     1.39   0.164    -2.961393    17.52369
               country7 |  -4.939256   8.809581    -0.56   0.575    -22.20572     12.3272
               country8 |    18.7758   4.692093     4.00   0.000      9.57947    27.97214
               country9 |          0  (omitted)
              country10 |  -11.41139   6.197669    -1.84   0.066     -23.5586    .7358127
              country11 |  -3.390448   8.987525    -0.38   0.706    -21.00567    14.22478
              country12 |   5.399494   3.843246     1.40   0.160     -2.13313    12.93212
              country13 |          0  (omitted)
              country14 |   12.90172     3.8122     3.38   0.001     5.429941    20.37349
              country15 |  -1.042679   3.940638    -0.26   0.791    -8.766186    6.680829
              country16 |  -10.02995   8.209816    -1.22   0.222    -26.12089    6.060994
              country17 |   -7.01067   10.69751    -0.66   0.512     -27.9774    13.95606
              country18 |   -20.4879   10.11517    -2.03   0.043    -40.31328   -.6625287
                  _cons |  -42.10724   13.71947    -3.07   0.002    -68.99691   -15.21756
------------------------+----------------------------------------------------------------
                    rho |   .6395287
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        131
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.916667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9222
Estimated autocorrelations =         1          Wald chi2(19)     =   39695.00
Estimated coefficients     =        20          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -.1415777   11.18181    -0.01   0.990    -22.05752    21.77437
            BB_dunning2 |   .0327474   .0123707     2.65   0.008     .0085013    .0569934
                        |
c.CA_cent#c.BB_dunning2 |  -.0668597   .0255969    -2.61   0.009    -.1170287   -.0166908
                        |
             CA_golden3 |  -60.28395   33.12574    -1.82   0.069    -125.2092    4.641305
                 DA_pc8 |  -.3408106   .2002448    -1.70   0.089    -.7332832     .051662
              DC_total1 |  -.2036183   .1784629    -1.14   0.254    -.5533992    .1461625
               DE_total |   1.152101    .045646    25.24   0.000     1.062636    1.241565
                DG_cpi5 |  -1.020593    .265406    -3.85   0.000    -1.540779   -.5004068
               country2 |   34.52591   4.526226     7.63   0.000     25.65467    43.39715
               country3 |   15.96697   2.183204     7.31   0.000     11.68796    20.24597
               country4 |          0  (omitted)
               country5 |   4.421553   2.361291     1.87   0.061    -.2064935    9.049599
               country6 |          0  (omitted)
               country7 |   10.46025   4.535077     2.31   0.021      1.57166    19.34883
               country8 |   13.82228   2.205821     6.27   0.000     9.498951    18.14561
               country9 |          0  (omitted)
              country10 |   7.615451   3.180413     2.39   0.017     1.381956    13.84895
              country11 |   32.28799   4.721723     6.84   0.000     23.03358     41.5424
              country12 |   13.16914   1.896535     6.94   0.000     9.451997    16.88628
              country13 |          0  (omitted)
              country14 |   5.131094   2.303582     2.23   0.026     .6161566    9.646031
              country15 |   5.669051   1.953529     2.90   0.004     1.840204    9.497898
              country16 |          0  (omitted)
              country17 |   2.198034    5.65713     0.39   0.698    -8.889738    13.28581
              country18 |          0  (omitted)
                  _cons |  -35.44688   8.557179    -4.14   0.000    -52.21865   -18.67512
------------------------+----------------------------------------------------------------
                    rho |   .3986795
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         63
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =         21
                                                              max =         31
Estimated covariances      =         6          R-squared         =     0.9525
Estimated autocorrelations =         1          Wald chi2(10)     =    1334.86
Estimated coefficients     =        11          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   181.2007   46.61275     3.89   0.000     89.84139      272.56
            BB_dunning2 |   .0456225   .0067668     6.74   0.000     .0323598    .0588851
                        |
c.CA_cent#c.BB_dunning2 |  -.1886395   .0311515    -6.06   0.000    -.2496952   -.1275838
                        |
             CA_golden3 |   37.26706   35.71336     1.04   0.297    -32.72984    107.2639
                 DA_pc8 |  -.9255811   .1526472    -6.06   0.000    -1.224764   -.6263982
              DC_total1 |  -.7747709   .1864844    -4.15   0.000    -1.140274   -.4092682
               DE_total |   1.481941   .0753869    19.66   0.000     1.334185    1.629696
                DG_cpi5 |  -1.097281   .2093597    -5.24   0.000    -1.507618   -.6869434
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |          0  (omitted)
               country5 |          0  (omitted)
               country6 |  -25.53841   7.109938    -3.59   0.000    -39.47363   -11.60319
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |   6.679803   5.906893     1.13   0.258    -4.897496     18.2571
                  _cons |  -88.99346   10.87304    -8.18   0.000    -110.3042    -67.6827
------------------------+----------------------------------------------------------------
                    rho |   .4705001
-----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_oil2 |        720     6.59739    10.54686      .0431   67.87345

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        178
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.714286
                                                              max =         31
Estimated covariances      =       105          R-squared         =     0.9231
Estimated autocorrelations =         1          Wald chi2(19)     =    3362.43
Estimated coefficients     =        22          Prob > chi2       =     0.0000

-------------------------------------------------------------------------------------
                    |           Panel-corrected
        DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
            CA_cent |  -4.851089   20.65082    -0.23   0.814    -45.32595    35.62377
            BB_oil2 |   .4017589   .5063628     0.79   0.428    -.5906939    1.394212
                    |
c.CA_cent#c.BB_oil2 |  -1.724597   1.031459    -1.67   0.095    -3.746218    .2970251
                    |
         CA_golden3 |  -29.93716   27.42958    -1.09   0.275    -83.69814    23.82382
             DA_pc8 |  -.6842851   .1633294    -4.19   0.000    -1.004405   -.3641653
          DC_total1 |  -.1510546   .1971662    -0.77   0.444    -.5374933     .235384
           DE_total |   1.811468   .0655646    27.63   0.000     1.682964    1.939972
            DG_cpi5 |  -.6744223   .2162602    -3.12   0.002    -1.098284   -.2505601
           country2 |  -7.619735   9.918471    -0.77   0.442    -27.05958    11.82011
           country3 |          0  (omitted)
           country4 |  -12.96385   7.459946    -1.74   0.082    -27.58507     1.65738
           country5 |   5.420707   5.219554     1.04   0.299    -4.809431    15.65085
           country6 |   1.487802   6.328738     0.24   0.814     -10.9163     13.8919
           country7 |  -6.785737   8.929073    -0.76   0.447     -24.2864    10.71492
           country8 |   11.40471    5.97063     1.91   0.056    -.2975087    23.10693
           country9 |          0  (omitted)
          country10 |  -16.71179   6.957803    -2.40   0.016    -30.34883   -3.074744
          country11 |  -6.205466   9.316569    -0.67   0.505     -24.4656    12.05467
          country12 |  -.7971658   4.869761    -0.16   0.870    -10.34172    8.747391
          country13 |          0  (omitted)
          country14 |   24.02869   6.157183     3.90   0.000     11.96083    36.09654
          country15 |  -9.747421    5.72358    -1.70   0.089    -20.96543    1.470589
          country16 |          0  (omitted)
          country17 |  -6.712442   10.22592    -0.66   0.512    -26.75487    13.32999
          country18 |  -17.78887   9.998701    -1.78   0.075    -37.38596    1.808228
              _cons |  -48.58534   13.84854    -3.51   0.000    -75.72799   -21.44269
--------------------+----------------------------------------------------------------
                rho |   .6750804
-------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        117
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =       9.75
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9360
Estimated autocorrelations =         1          Wald chi2(19)     =   45412.54
Estimated coefficients     =        20          Prob > chi2       =     0.0000

-------------------------------------------------------------------------------------
                    |           Panel-corrected
           DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
            CA_cent |   18.58766   14.06581     1.32   0.186    -8.980828    46.15614
            BB_oil2 |   1.020543   .3680244     2.77   0.006     .2992282    1.741858
                    |
c.CA_cent#c.BB_oil2 |  -2.367991   .8069908    -2.93   0.003    -3.949663   -.7863177
                    |
         CA_golden3 |  -73.75075   34.17267    -2.16   0.031     -140.728   -6.773555
             DA_pc8 |  -.3258036    .197308    -1.65   0.099    -.7125202    .0609131
          DC_total1 |  -.1883896   .2012836    -0.94   0.349    -.5828983    .2061191
           DE_total |    1.13387   .0510542    22.21   0.000     1.033806    1.233934
            DG_cpi5 |  -1.000552   .2662067    -3.76   0.000    -1.522307   -.4787959
           country2 |   21.20217   7.414305     2.86   0.004     6.670395    35.73394
           country3 |   11.69942   2.843624     4.11   0.000     6.126017    17.27282
           country4 |          0  (omitted)
           country5 |  -.0783873   3.159704    -0.02   0.980    -6.271292    6.114518
           country6 |          0  (omitted)
           country7 |    9.35348   4.379048     2.14   0.033     .7707036    17.93626
           country8 |   9.737946   2.914183     3.34   0.001     4.026252    15.44964
           country9 |          0  (omitted)
          country10 |   4.918162   3.645314     1.35   0.177    -2.226523    12.06285
          country11 |   31.39821   4.501687     6.97   0.000     22.57506    40.22135
          country12 |   9.202105   2.501323     3.68   0.000     4.299601    14.10461
          country13 |          0  (omitted)
          country14 |   8.468112   4.010462     2.11   0.035     .6077501    16.32847
          country15 |   .5139711    3.02603     0.17   0.865    -5.416938    6.444881
          country16 |          0  (omitted)
          country17 |   1.737617   5.136294     0.34   0.735    -8.329335    11.80457
          country18 |          0  (omitted)
              _cons |  -38.09642   8.460002    -4.50   0.000    -54.67772   -21.51512
--------------------+----------------------------------------------------------------
                rho |   .4548248
-------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         63
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =         21
                                                              max =         31
Estimated covariances      =         6          R-squared         =     0.8997
Estimated autocorrelations =         1          Wald chi2(10)     =     657.12
Estimated coefficients     =        11          Prob > chi2       =     0.0000

-------------------------------------------------------------------------------------
                    |           Panel-corrected
           DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
            CA_cent |   62.73129   54.18397     1.16   0.247    -43.46734    168.9299
            BB_oil2 |   -.391076    1.03468    -0.38   0.705    -2.419011    1.636859
                    |
c.CA_cent#c.BB_oil2 |   .9720151   3.688693     0.26   0.792     -6.25769     8.20172
                    |
         CA_golden3 |   38.48931   33.50014     1.15   0.251    -27.16976    104.1484
             DA_pc8 |  -.7781565   .1532599    -5.08   0.000     -1.07854   -.4777725
          DC_total1 |  -.4198485   .2011203    -2.09   0.037     -.814037   -.0256599
           DE_total |   1.518251    .084232    18.02   0.000      1.35316    1.683343
            DG_cpi5 |  -.4655502   .2180579    -2.13   0.033    -.8929358   -.0381645
           country2 |          0  (omitted)
           country3 |          0  (omitted)
           country4 |          0  (omitted)
           country5 |          0  (omitted)
           country6 |  -9.864074   7.209865    -1.37   0.171    -23.99515    4.267001
           country7 |          0  (omitted)
           country8 |          0  (omitted)
           country9 |          0  (omitted)
          country10 |          0  (omitted)
          country11 |          0  (omitted)
          country12 |          0  (omitted)
          country13 |          0  (omitted)
          country14 |          0  (omitted)
          country15 |          0  (omitted)
          country16 |          0  (omitted)
          country17 |          0  (omitted)
          country18 |  -.1188064   6.851692    -0.02   0.986    -13.54788    13.31026
              _cons |  -67.76745   14.68586    -4.61   0.000     -96.5512    -38.9837
--------------------+----------------------------------------------------------------
                rho |   .6241318
-------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_wdi6 |        703    .8306209    2.115902          0   15.63309

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        199
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    12.4375
                                                              max =         31
Estimated covariances      =       136          R-squared         =     0.9069
Estimated autocorrelations =         1          Wald chi2(20)     =   14319.73
Estimated coefficients     =        24          Prob > chi2       =     0.0000

-------------------------------------------------------------------------------------
                    |           Panel-corrected
        DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
            CA_cent |  -32.99416   19.20529    -1.72   0.086    -70.63583    4.647519
            BB_wdi6 |   .8089486   1.320781     0.61   0.540    -1.779734    3.397631
                    |
c.CA_cent#c.BB_wdi6 |  -3.209097   2.612963    -1.23   0.219     -8.33041    1.912215
                    |
         CA_golden3 |   -2.07236   31.75551    -0.07   0.948    -64.31201    60.16729
             DA_pc8 |  -.8328379   .1692077    -4.92   0.000    -1.164479    -.501197
          DC_total1 |  -.0849653   .2174626    -0.39   0.696    -.5111841    .3412535
           DE_total |   1.816315   .0635937    28.56   0.000     1.691674    1.940957
            DG_cpi5 |  -.6189542   .2338074    -2.65   0.008    -1.077208   -.1607001
           country2 |   14.45213    7.68888     1.88   0.060    -.6178028    29.52205
           country3 |   17.98716   4.725408     3.81   0.000     8.725533    27.24879
           country4 |  -10.54792   7.247765    -1.46   0.146    -24.75328    3.657435
           country5 |   14.03546   3.381384     4.15   0.000     7.408067    20.66285
           country6 |   7.148273   5.284866     1.35   0.176    -3.209874    17.50642
           country7 |  -5.328789   8.694007    -0.61   0.540    -22.36873    11.71115
           country8 |   18.31126   4.669233     3.92   0.000     9.159737    27.46279
           country9 |          0  (omitted)
          country10 |  -12.24559   6.197343    -1.98   0.048    -24.39216   -.0990218
          country11 |  -2.936123   8.972336    -0.33   0.743    -20.52158    14.64933
          country12 |   5.430795   4.085788     1.33   0.184    -2.577201    13.43879
          country13 |          0  (omitted)
          country14 |   16.15251   4.509255     3.58   0.000     7.314534    24.99049
          country15 |  -.9431095   4.153177    -0.23   0.820    -9.083187    7.196969
          country16 |  -9.684049    8.48062    -1.14   0.253    -26.30576    6.937661
          country17 |  -6.911058   10.35023    -0.67   0.504    -27.19713    13.37501
          country18 |  -18.32697    9.79385    -1.87   0.061    -37.52257    .8686192
              _cons |  -45.00676   13.61772    -3.31   0.001      -71.697   -18.31651
--------------------+----------------------------------------------------------------
                rho |    .698693
-------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        131
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.916667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9289
Estimated autocorrelations =         1          Wald chi2(19)     =   39751.08
Estimated coefficients     =        20          Prob > chi2       =     0.0000

-------------------------------------------------------------------------------------
                    |           Panel-corrected
           DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
            CA_cent |   6.172891   10.62137     0.58   0.561    -14.64461    26.99039
            BB_wdi6 |   10.42174   2.720462     3.83   0.000     5.089737    15.75375
                    |
c.CA_cent#c.BB_wdi6 |  -21.85547   5.799704    -3.77   0.000    -33.22268   -10.48826
                    |
         CA_golden3 |  -43.90066   30.38628    -1.44   0.149    -103.4567    15.65536
             DA_pc8 |  -.3433005   .1775028    -1.93   0.053    -.6911996    .0045986
          DC_total1 |  -.1549212    .174933    -0.89   0.376    -.4977835    .1879411
           DE_total |    1.15174   .0431987    26.66   0.000     1.067073    1.236408
            DG_cpi5 |   -.838023   .2487742    -3.37   0.001    -1.325612   -.3504346
           country2 |   30.46252   4.605927     6.61   0.000     21.43507    39.48998
           country3 |   14.85211   1.847993     8.04   0.000     11.23011    18.47411
           country4 |          0  (omitted)
           country5 |   3.564594   2.175511     1.64   0.101    -.6993296    7.828518
           country6 |          0  (omitted)
           country7 |   11.02389    3.96328     2.78   0.005     3.256006    18.79178
           country8 |   13.19323    1.85228     7.12   0.000     9.562825    16.82363
           country9 |          0  (omitted)
          country10 |   6.974639   2.941517     2.37   0.018     1.209372    12.73991
          country11 |   33.17367   4.169369     7.96   0.000     25.00186    41.34549
          country12 |   11.72669   1.762504     6.65   0.000     8.272245    15.18113
          country13 |          0  (omitted)
          country14 |   9.368415   3.555188     2.64   0.008     2.400373    16.33646
          country15 |   4.181091   2.099192     1.99   0.046     .0667503    8.295431
          country16 |          0  (omitted)
          country17 |  -1.822586   5.040246    -0.36   0.718    -11.70129    8.056114
          country18 |          0  (omitted)
              _cons |  -38.16351   7.823753    -4.88   0.000    -53.49778   -22.82923
--------------------+----------------------------------------------------------------
                rho |    .462881
-------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         63
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =         21
                                                              max =         31
Estimated covariances      =         6          R-squared         =     0.9073
Estimated autocorrelations =         1          Wald chi2(10)     =     695.06
Estimated coefficients     =        11          Prob > chi2       =     0.0000

-------------------------------------------------------------------------------------
                    |           Panel-corrected
           DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
            CA_cent |   87.56868   45.13943     1.94   0.052    -.9029772    176.0403
            BB_wdi6 |   4.427149   2.059448     2.15   0.032     .3907052    8.463592
                    |
c.CA_cent#c.BB_wdi6 |  -21.65171   10.09469    -2.14   0.032    -41.43693   -1.866486
                    |
         CA_golden3 |   40.60222   32.99374     1.23   0.218    -24.06433    105.2688
             DA_pc8 |  -.7753857   .1534542    -5.05   0.000     -1.07615    -.474621
          DC_total1 |  -.5928696   .2095542    -2.83   0.005    -1.003588    -.182151
           DE_total |     1.5299   .0843503    18.14   0.000     1.364577    1.695224
            DG_cpi5 |   -.811686   .2748475    -2.95   0.003    -1.350377   -.2729948
           country2 |          0  (omitted)
           country3 |          0  (omitted)
           country4 |          0  (omitted)
           country5 |          0  (omitted)
           country6 |   -12.6942   6.585149    -1.93   0.054    -25.60085     .212455
           country7 |          0  (omitted)
           country8 |          0  (omitted)
           country9 |          0  (omitted)
          country10 |          0  (omitted)
          country11 |          0  (omitted)
          country12 |          0  (omitted)
          country13 |          0  (omitted)
          country14 |          0  (omitted)
          country15 |          0  (omitted)
          country16 |          0  (omitted)
          country17 |          0  (omitted)
          country18 |    .762379   6.102418     0.12   0.901    -11.19814     12.7229
              _cons |  -72.60148   11.70648    -6.20   0.000    -95.54575   -49.65721
--------------------+----------------------------------------------------------------
                rho |   .6173569
-------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_41 |        254    48.78192    112.7198    .041802   688.8552

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        137
Time variable:    A_year                        Number of groups  =         11
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.454545
                                                              max =         31
Estimated covariances      =        66          R-squared         =     0.9246
Estimated autocorrelations =         1          Wald chi2(18)     =    2393.96
Estimated coefficients     =        19          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------
                  |           Panel-corrected
      DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
          CA_cent |  -23.71185   20.68897    -1.15   0.252    -64.26147    16.83778
            OC_41 |  -.0386301    .066595    -0.58   0.562    -.1691538    .0918937
                  |
c.CA_cent#c.OC_41 |   .0621122   .1218381     0.51   0.610    -.1766861    .3009104
                  |
       CA_golden3 |  -10.58493   37.12152    -0.29   0.776    -83.34177    62.17191
           DA_pc8 |  -.7369766   .1952853    -3.77   0.000    -1.119729   -.3542243
        DC_total1 |  -.3937228   .3261219    -1.21   0.227     -1.03291    .2454644
         DE_total |   1.819142   .0820018    22.18   0.000     1.658421    1.979862
          DG_cpi5 |   -.901149    .292969    -3.08   0.002    -1.475358   -.3269404
         country2 |   10.71179   8.116638     1.32   0.187    -5.196533     26.6201
         country3 |          0  (omitted)
         country4 |  -5.575508   7.390736    -0.75   0.451    -20.06108    8.910069
         country5 |   15.76967   3.321608     4.75   0.000     9.259439     22.2799
         country6 |          0  (omitted)
         country7 |          0  (omitted)
         country8 |   21.46428   4.854367     4.42   0.000     11.94989    30.97866
         country9 |          0  (omitted)
        country10 |  -7.775744   6.300115    -1.23   0.217    -20.12374    4.572254
        country11 |  -1.271534   9.840221    -0.13   0.897    -20.55801    18.01494
        country12 |   5.463467   4.277077     1.28   0.201     -2.91945    13.84638
        country13 |          0  (omitted)
        country14 |   10.13954   4.878915     2.08   0.038     .5770404    19.70204
        country15 |          0  (omitted)
        country16 |          0  (omitted)
        country17 |  -1.440177   10.90187    -0.13   0.895    -22.80745    19.92709
        country18 |  -12.26243   10.27335    -1.19   0.233    -32.39782    7.872974
            _cons |  -48.25178   15.99357    -3.02   0.003    -79.59859   -16.90496
------------------+----------------------------------------------------------------
              rho |   .6854724
-----------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         83
Time variable:    A_year                        Number of groups  =          9
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  9.2222222
                                                              max =         16
Estimated covariances      =        45          R-squared         =     0.9608
Estimated autocorrelations =         1          Wald chi2(15)     =   37135.39
Estimated coefficients     =        17          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------
                  |           Panel-corrected
         DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
          CA_cent |   2.277454   9.953973     0.23   0.819    -17.23197    21.78688
            OC_41 |   .6642838   .1746357     3.80   0.000     .3220041    1.006564
                  |
c.CA_cent#c.OC_41 |  -1.245784   .3275368    -3.80   0.000    -1.887745   -.6038239
                  |
       CA_golden3 |  -17.38602   29.81806    -0.58   0.560    -75.82835    41.05631
           DA_pc8 |  -.3502193   .1436991    -2.44   0.015    -.6318643   -.0685743
        DC_total1 |  -.6443653   .1807609    -3.56   0.000    -.9986501   -.2900804
         DE_total |   1.057372   .0472645    22.37   0.000     .9647357    1.150009
          DG_cpi5 |  -1.076311   .2919041    -3.69   0.000    -1.648432    -.504189
         country2 |   31.90094   4.174696     7.64   0.000     23.71869    40.08319
         country3 |          0  (omitted)
         country4 |          0  (omitted)
         country5 |   2.974557   2.204841     1.35   0.177    -1.346852    7.295966
         country6 |          0  (omitted)
         country7 |          0  (omitted)
         country8 |   13.98729   2.069081     6.76   0.000     9.931968    18.04262
         country9 |          0  (omitted)
        country10 |   7.736419   2.710703     2.85   0.004     2.423539     13.0493
        country11 |   28.60352    4.40697     6.49   0.000     19.96602    37.24103
        country12 |   10.37499   2.105397     4.93   0.000     6.248484    14.50149
        country13 |          0  (omitted)
        country14 |  -5.822696    4.46216    -1.30   0.192    -14.56837    2.922977
        country15 |          0  (omitted)
        country16 |          0  (omitted)
        country17 |  -.6396462   4.406117    -0.15   0.885    -9.275478    7.996185
        country18 |          0  (omitted)
            _cons |  -22.93441   8.361612    -2.74   0.006    -39.32287   -6.545949
------------------+----------------------------------------------------------------
              rho |    .621497
-----------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         47
Time variable:    A_year                        Number of groups  =          2
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =       23.5
                                                              max =         31
Estimated covariances      =         3          R-squared         =     0.9185
Estimated autocorrelations =         1          Wald chi2(10)     =    4785.32
Estimated coefficients     =        10          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------
                  |           Panel-corrected
         DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
          CA_cent |   38.18762   49.94213     0.76   0.444    -59.69717    136.0724
            OC_41 |   .1233963   .1215386     1.02   0.310     -.114815    .3616076
                  |
c.CA_cent#c.OC_41 |  -.6469583   .5179788    -1.25   0.212    -1.662178    .3682615
                  |
       CA_golden3 |   57.11691   44.12578     1.29   0.196    -29.36803    143.6018
           DA_pc8 |  -.5848038   .1606086    -3.64   0.000    -.8995909   -.2700168
        DC_total1 |   .4352285   .3998294     1.09   0.276    -.3484228     1.21888
         DE_total |   1.787456   .1022383    17.48   0.000     1.587072    1.987839
          DG_cpi5 |  -.1665145   .2004754    -0.83   0.406    -.5594391    .2264101
         country2 |          0  (omitted)
         country3 |          0  (omitted)
         country4 |  -94.15938   13.40725    -7.02   0.000    -120.4371   -67.88166
         country5 |          0  (omitted)
         country6 |          0  (omitted)
         country7 |          0  (omitted)
         country8 |          0  (omitted)
         country9 |          0  (omitted)
        country10 |          0  (omitted)
        country11 |          0  (omitted)
        country12 |          0  (omitted)
        country13 |          0  (omitted)
        country14 |          0  (omitted)
        country15 |          0  (omitted)
        country16 |          0  (omitted)
        country17 |          0  (omitted)
        country18 |  -95.17706   9.220389   -10.32   0.000    -113.2487   -77.10543
            _cons |          0  (omitted)
------------------+----------------------------------------------------------------
              rho |   .7106211
-----------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_42 |        241    441.6258    1057.761    .482557    6135.72

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        137
Time variable:    A_year                        Number of groups  =         11
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.454545
                                                              max =         31
Estimated covariances      =        66          R-squared         =     0.9219
Estimated autocorrelations =         1          Wald chi2(18)     =    2105.59
Estimated coefficients     =        19          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------
                  |           Panel-corrected
      DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
          CA_cent |  -20.24392    20.0554    -1.01   0.313    -59.55177    19.06394
            OC_42 |   .0055073     .00921     0.60   0.550    -.0125439    .0235584
                  |
c.CA_cent#c.OC_42 |  -.0108327   .0161271    -0.67   0.502    -.0424413    .0207759
                  |
       CA_golden3 |    -6.6067   38.29003    -0.17   0.863    -81.65378    68.44038
           DA_pc8 |  -.7767632   .2054291    -3.78   0.000    -1.179397   -.3741297
        DC_total1 |  -.4993003   .3494487    -1.43   0.153    -1.184207    .1856065
         DE_total |    1.81896   .0868324    20.95   0.000     1.648772    1.989149
          DG_cpi5 |  -1.028461   .3272229    -3.14   0.002    -1.669806    -.387116
         country2 |   8.626081   7.842686     1.10   0.271    -6.745301    23.99746
         country3 |          0  (omitted)
         country4 |  -6.502405   7.445402    -0.87   0.382    -21.09513    8.090314
         country5 |   15.51663   3.241651     4.79   0.000     9.163114    21.87015
         country6 |          0  (omitted)
         country7 |          0  (omitted)
         country8 |   21.75498   4.686189     4.64   0.000     12.57022    30.93974
         country9 |          0  (omitted)
        country10 |  -6.989659   6.084241    -1.15   0.251    -18.91455    4.935235
        country11 |  -1.456758   9.655168    -0.15   0.880    -20.38054    17.46702
        country12 |   4.655566   4.194556     1.11   0.267    -3.565613    12.87675
        country13 |          0  (omitted)
        country14 |   10.40677   5.070326     2.05   0.040     .4691109    20.34442
        country15 |          0  (omitted)
        country16 |          0  (omitted)
        country17 |  -1.404521   10.76099    -0.13   0.896    -22.49567    19.68663
        country18 |    -12.408   10.21232    -1.22   0.224    -32.42379    7.607781
            _cons |  -48.34654   16.01368    -3.02   0.003    -79.73276   -16.96031
------------------+----------------------------------------------------------------
              rho |   .6494704
-----------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         83
Time variable:    A_year                        Number of groups  =          9
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  9.2222222
                                                              max =         16
Estimated covariances      =        45          R-squared         =     0.9495
Estimated autocorrelations =         1          Wald chi2(16)     =  135420.27
Estimated coefficients     =        17          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------
                  |           Panel-corrected
         DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
          CA_cent |  -1.474184   9.629207    -0.15   0.878    -20.34708    17.39872
            OC_42 |   .0337749   .0126989     2.66   0.008     .0088856    .0586642
                  |
c.CA_cent#c.OC_42 |  -.0695045   .0263867    -2.63   0.008    -.1212214   -.0177875
                  |
       CA_golden3 |   -32.6223   33.66799    -0.97   0.333    -98.61036    33.36575
           DA_pc8 |  -.3181642     .17314    -1.84   0.066    -.6575123     .021184
        DC_total1 |  -.7947905   .1812979    -4.38   0.000    -1.150128   -.4394532
         DE_total |   1.036409   .0496846    20.86   0.000      .939029    1.133789
          DG_cpi5 |  -1.475853   .3237338    -4.56   0.000     -2.11036   -.8413467
         country2 |   32.78288   3.986713     8.22   0.000     24.96906    40.59669
         country3 |          0  (omitted)
         country4 |          0  (omitted)
         country5 |   3.454112   2.191715     1.58   0.115    -.8415711    7.749795
         country6 |          0  (omitted)
         country7 |          0  (omitted)
         country8 |   13.38145   2.237761     5.98   0.000     8.995515    17.76738
         country9 |          0  (omitted)
        country10 |   8.277952   2.784115     2.97   0.003     2.821186    13.73472
        country11 |   25.74541   4.342632     5.93   0.000     17.23401    34.25681
        country12 |    9.42357   2.138818     4.41   0.000     5.231564    13.61558
        country13 |          0  (omitted)
        country14 |   5.577221   3.276489     1.70   0.089    -.8445788    11.99902
        country15 |          0  (omitted)
        country16 |          0  (omitted)
        country17 |  -1.509367   4.989093    -0.30   0.762    -11.28781    8.269076
        country18 |          0  (omitted)
            _cons |  -16.56815    8.59339    -1.93   0.054    -33.41089    .2745814
------------------+----------------------------------------------------------------
              rho |   .4875824
-----------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         47
Time variable:    A_year                        Number of groups  =          2
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =       23.5
                                                              max =         31
Estimated covariances      =         3          R-squared         =     0.9289
Estimated autocorrelations =         1          Wald chi2(10)     =    5503.82
Estimated coefficients     =        10          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------
                  |           Panel-corrected
         DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
          CA_cent |    59.5701   49.86267     1.19   0.232    -38.15894    157.2992
            OC_42 |   .0226999   .0141039     1.61   0.108    -.0049433    .0503431
                  |
c.CA_cent#c.OC_42 |   -.106575    .055633    -1.92   0.055    -.2156137    .0024637
                  |
       CA_golden3 |   66.29474   46.02742     1.44   0.150    -23.91734    156.5068
           DA_pc8 |  -.6098712    .157769    -3.87   0.000    -.9190928   -.3006496
        DC_total1 |   .3646209   .4165013     0.88   0.381    -.4517067    1.180949
         DE_total |   1.782624   .1021499    17.45   0.000     1.582414    1.982834
          DG_cpi5 |  -.3072828   .2400191    -1.28   0.200    -.7777116     .163146
         country2 |          0  (omitted)
         country3 |          0  (omitted)
         country4 |  -98.49816   12.45076    -7.91   0.000    -122.9012   -74.09512
         country5 |          0  (omitted)
         country6 |          0  (omitted)
         country7 |          0  (omitted)
         country8 |          0  (omitted)
         country9 |          0  (omitted)
        country10 |          0  (omitted)
        country11 |          0  (omitted)
        country12 |          0  (omitted)
        country13 |          0  (omitted)
        country14 |          0  (omitted)
        country15 |          0  (omitted)
        country16 |          0  (omitted)
        country17 |          0  (omitted)
        country18 |   -96.6907   8.634006   -11.20   0.000     -113.613   -79.76836
            _cons |          0  (omitted)
------------------+----------------------------------------------------------------
              rho |   .6790762
-----------------------------------------------------------------------------------

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Table H
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach NTR of varlist BB_dunning2 BB_oil2 BB_wdi6 OC_41 OC_42 {
  2. 
. sum `NTR'
  3. local min3 = round(r(min),10)
  4. local max3 = round(r(max),10)
  5. local step3 = (`max3' - `min3')/10
  6. 
. global wages_ineq_reg1 "xtpcse c.DD_overall3 c.$IN##c.`NTR' $controls_wages   , pairwise cor
> relation(ar1)"
  7. global wages_ineq_reg2 "xtpcse c.DD_rate1 c.$IN##c.`NTR' $controls_wages   , pairwise cor
> relation(ar1)"
  8. global wages_ineq_reg3 "xtpcse c.DD_manu1 c.$IN##c.`NTR' $controls_wages   , pairwise cor
> relation(ar1)"
  9. 
. forvalues x=1/3 {
 10.         capture noisily ${wages_ineq_reg`x'} 
 11.         }
 12. }

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
 BB_dunning2 |        756    100.4157     265.054          0   2759.885

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        177
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =       11.8
                                                              max =         26
Estimated covariances      =       120          R-squared         =     0.9034
Estimated autocorrelations =         1          Wald chi2(19)     = 1040730.00
Estimated coefficients     =        23          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   181.0708   40.38086     4.48   0.000     101.9258    260.2158
             BB_dunning2 |  -.0338475   .0117394    -2.88   0.004    -.0568562   -.0108387
                         |
c.CC_gini3#c.BB_dunning2 |   .1237512   .0459195     2.69   0.007     .0337507    .2137518
                         |
              CA_golden3 |   13.66665   31.16125     0.44   0.661    -47.40827    74.74157
                  DA_pc8 |  -.7514783   .1820399    -4.13   0.000     -1.10827   -.3946868
               DC_total1 |  -.1925212   .1942873    -0.99   0.322    -.5733173    .1882749
                DE_total |   1.482099   .0535956    27.65   0.000     1.377053    1.587144
                 DG_cpi5 |  -.7316418   .2448583    -2.99   0.003    -1.211555   -.2517283
                country2 |   7.645676   3.949716     1.94   0.053    -.0956259    15.38698
                country3 |   18.30536   3.391621     5.40   0.000     11.65791    24.95281
                country4 |  -4.138449   3.859122    -1.07   0.284    -11.70219    3.425291
                country5 |   22.04637   4.330689     5.09   0.000     13.55838    30.53437
                country6 |   18.43293   4.467152     4.13   0.000     9.677468    27.18838
                country7 |   2.086041   3.065901     0.68   0.496    -3.923015    8.095096
                country8 |   24.74055   3.347757     7.39   0.000     18.17907    31.30203
                country9 |          0  (omitted)
               country10 |   -13.0338   3.351426    -3.89   0.000    -19.60248   -6.465127
               country11 |  -2.921099   4.245783    -0.69   0.491    -11.24268    5.400482
               country12 |   4.408281   3.369393     1.31   0.191    -2.195608    11.01217
               country13 |          0  (omitted)
               country14 |   14.07109   4.169665     3.37   0.001     5.898695    22.24348
               country15 |   10.32075   6.140705     1.68   0.093    -1.714806    22.35632
               country16 |          0  (omitted)
               country17 |  -6.979464   3.565106    -1.96   0.050    -13.96694    .0080153
               country18 |  -18.32872   3.664964    -5.00   0.000    -25.51191   -11.14552
                   _cons |  -82.48808   13.47307    -6.12   0.000    -108.8948   -56.08134
-------------------------+----------------------------------------------------------------
                     rho |   .5792407
------------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.666667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9392
Estimated autocorrelations =         1          Wald chi2(19)     =   85731.68
Estimated coefficients     =        20          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   147.9239   25.61088     5.78   0.000     97.72751    198.1203
             BB_dunning2 |  -.0140967   .0106867    -1.32   0.187    -.0350423    .0068489
                         |
c.CC_gini3#c.BB_dunning2 |   .0560238   .0397533     1.41   0.159    -.0218912    .1339389
                         |
              CA_golden3 |  -8.049665   26.29366    -0.31   0.759    -59.58429    43.48496
                  DA_pc8 |  -.4018266   .1804937    -2.23   0.026    -.7555878   -.0480655
               DC_total1 |     .01919    .166973     0.11   0.909     -.308071    .3464511
                DE_total |   1.055023   .0366273    28.80   0.000     .9832351    1.126812
                 DG_cpi5 |  -.4445259   .2169677    -2.05   0.040    -.8697748    -.019277
                country2 |   43.63254   2.762673    15.79   0.000      38.2178    49.04728
                country3 |   17.16911   2.174454     7.90   0.000     12.90726    21.43096
                country4 |          0  (omitted)
                country5 |   16.98789   3.605485     4.71   0.000     9.921267    24.05451
                country6 |          0  (omitted)
                country7 |   10.93451   2.074258     5.27   0.000     6.869035    14.99998
                country8 |   19.07119   2.214196     8.61   0.000     14.73144    23.41093
                country9 |          0  (omitted)
               country10 |   2.239379   2.440776     0.92   0.359    -2.544454    7.023211
               country11 |   31.23091   2.647374    11.80   0.000     26.04216    36.41967
               country12 |   16.76635   2.329982     7.20   0.000     12.19967    21.33303
               country13 |          0  (omitted)
               country14 |   11.06689   3.146351     3.52   0.000     4.900153    17.23362
               country15 |   17.67972   3.851971     4.59   0.000        10.13    25.22945
               country16 |          0  (omitted)
               country17 |  -3.823859     2.2841    -1.67   0.094    -8.300613    .6528942
               country18 |          0  (omitted)
                   _cons |  -74.17802   8.843534    -8.39   0.000    -91.51102   -56.84501
-------------------------+----------------------------------------------------------------
                     rho |   .5418408
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         58
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  19.333333
                                                              max =         26
Estimated covariances      =         6          R-squared         =     0.9232
Estimated autocorrelations =         1          Wald chi2(11)     =   12523.98
Estimated coefficients     =        11          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -114.9655   98.04635    -1.17   0.241    -307.1328    77.20183
             BB_dunning2 |  -.1088623   .0370519    -2.94   0.003    -.1814828   -.0362418
                         |
c.CC_gini3#c.BB_dunning2 |   .3607848   .1160611     3.11   0.002     .1333092    .5882603
                         |
              CA_golden3 |   45.85329   33.29564     1.38   0.168    -19.40496    111.1115
                  DA_pc8 |  -.8534224    .152604    -5.59   0.000    -1.152521   -.5543241
               DC_total1 |  -.6692565   .1424957    -4.70   0.000    -.9485429   -.3899701
                DE_total |   1.525589   .1558772     9.79   0.000     1.220075    1.831103
                 DG_cpi5 |  -1.039208   .2126803    -4.89   0.000    -1.456054   -.6223622
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |  -13.05263   17.46652    -0.75   0.455    -47.28638    21.18111
                country5 |          0  (omitted)
                country6 |  -22.62878   12.61299    -1.79   0.073    -47.34979    2.092235
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |  -20.45953   22.98693    -0.89   0.373    -65.51309    24.59403
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .4680033
------------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_oil2 |        720     6.59739    10.54686      .0431   67.87345

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        165
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.785714
                                                              max =         26
Estimated covariances      =       105          R-squared         =     0.9029
Estimated autocorrelations =         1          Wald chi2(19)     =   29775.59
Estimated coefficients     =        22          Prob > chi2       =     0.0000

--------------------------------------------------------------------------------------
                     |           Panel-corrected
         DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
---------------------+----------------------------------------------------------------
            CC_gini3 |   187.0658   41.81913     4.47   0.000     105.1019    269.0298
             BB_oil2 |  -.8903333   .5985336    -1.49   0.137    -2.063438    .2827709
                     |
c.CC_gini3#c.BB_oil2 |   2.239983    1.96894     1.14   0.255    -1.619068    6.099034
                     |
          CA_golden3 |   9.090018   31.68113     0.29   0.774    -53.00386    71.18389
              DA_pc8 |  -.7240181   .1874293    -3.86   0.000    -1.091373   -.3566633
           DC_total1 |  -.1182903   .1988588    -0.59   0.552    -.5080465    .2714659
            DE_total |    1.50161   .0560425    26.79   0.000     1.391769    1.611452
             DG_cpi5 |  -.6502998   .2499426    -2.60   0.009    -1.140178   -.1604214
            country2 |   4.115029   5.379932     0.76   0.444    -6.429444     14.6595
            country3 |          0  (omitted)
            country4 |  -4.717326   4.277447    -1.10   0.270    -13.10097    3.666316
            country5 |   19.35168    5.52276     3.50   0.000     8.527273     30.1761
            country6 |   15.71388   5.691574     2.76   0.006     4.558602    26.86916
            country7 |  -1.587346    4.54364    -0.35   0.727    -10.49272    7.318025
            country8 |   20.76973   4.950216     4.20   0.000     11.06748    30.47197
            country9 |          0  (omitted)
           country10 |   -17.4338   4.815176    -3.62   0.000    -26.87137   -7.996225
           country11 |  -6.665877   5.791322    -1.15   0.250    -18.01666    4.684906
           country12 |   3.095705   4.403549     0.70   0.482    -5.535092     11.7265
           country13 |          0  (omitted)
           country14 |   23.20298   8.207562     2.83   0.005     7.116451     39.2895
           country15 |   7.962099    6.95448     1.14   0.252    -5.668432    21.59263
           country16 |          0  (omitted)
           country17 |  -9.925371    4.19709    -2.36   0.018    -18.15152   -1.699226
           country18 |  -19.36658   4.780832    -4.05   0.000    -28.73684   -9.996322
               _cons |  -82.60853   14.50162    -5.70   0.000    -111.0312   -54.18588
---------------------+----------------------------------------------------------------
                 rho |   .6045926
--------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        114
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =        9.5
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9485
Estimated autocorrelations =         1          Wald chi2(18)     =  127431.67
Estimated coefficients     =        20          Prob > chi2       =     0.0000

--------------------------------------------------------------------------------------
                     |           Panel-corrected
            DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
---------------------+----------------------------------------------------------------
            CC_gini3 |   143.0007   27.06706     5.28   0.000     89.95022    196.0512
             BB_oil2 |  -.6994032   .6915949    -1.01   0.312    -2.054904     .656098
                     |
c.CC_gini3#c.BB_oil2 |   2.895665   2.489512     1.16   0.245    -1.983688    7.775019
                     |
          CA_golden3 |  -14.56435   27.82536    -0.52   0.601    -69.10105    39.97235
              DA_pc8 |  -.4067453   .1973306    -2.06   0.039    -.7935062   -.0199845
           DC_total1 |   .0244123   .1837531     0.13   0.894    -.3357373    .3845618
            DE_total |   1.068239   .0407612    26.21   0.000      .988349     1.14813
             DG_cpi5 |  -.4494867    .230278    -1.95   0.051    -.9008233      .00185
            country2 |   47.01197   3.634125    12.94   0.000     39.88922    54.13472
            country3 |   20.95184   3.361965     6.23   0.000     14.36251    27.54118
            country4 |          0  (omitted)
            country5 |    20.3941   4.402086     4.63   0.000     11.76617    29.02203
            country6 |          0  (omitted)
            country7 |    14.2926   3.059377     4.67   0.000     8.296329    20.28887
            country8 |   22.43433   3.162334     7.09   0.000     16.23627    28.63239
            country9 |          0  (omitted)
           country10 |   5.589563   3.428219     1.63   0.103    -1.129623    12.30875
           country11 |     34.992   3.550704     9.85   0.000     28.03275    41.95125
           country12 |   19.62459   3.155724     6.22   0.000     13.43948    25.80969
           country13 |          0  (omitted)
           country14 |   12.32347   5.618375     2.19   0.028     1.311655    23.33528
           country15 |   21.22862   4.707366     4.51   0.000     12.00235    30.45489
           country16 |          0  (omitted)
           country17 |  -1.566301   2.660395    -0.59   0.556    -6.780579    3.647978
           country18 |          0  (omitted)
               _cons |  -77.63184   9.646412    -8.05   0.000    -96.53846   -58.72522
---------------------+----------------------------------------------------------------
                 rho |   .5770327
--------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         58
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  19.333333
                                                              max =         26
Estimated covariances      =         6          R-squared         =     0.8895
Estimated autocorrelations =         1          Wald chi2(10)     =     657.59
Estimated coefficients     =        11          Prob > chi2       =     0.0000

--------------------------------------------------------------------------------------
                     |           Panel-corrected
            DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
---------------------+----------------------------------------------------------------
            CC_gini3 |  -35.16369   100.5463    -0.35   0.727    -232.2308    161.9034
             BB_oil2 |   3.531161   2.004787     1.76   0.078    -.3981504    7.460471
                     |
c.CC_gini3#c.BB_oil2 |  -12.35246   6.770698    -1.82   0.068    -25.62279     .917862
                     |
          CA_golden3 |   48.24501    30.4276     1.59   0.113    -11.39199     107.882
              DA_pc8 |  -.7587294   .1469528    -5.16   0.000    -1.046752   -.4707072
           DC_total1 |  -.6112952   .1544009    -3.96   0.000    -.9139154    -.308675
            DE_total |   1.523859   .1583687     9.62   0.000     1.213462    1.834256
             DG_cpi5 |  -.7296915   .2218922    -3.29   0.001    -1.164592   -.2947909
            country2 |          0  (omitted)
            country3 |          0  (omitted)
            country4 |          0  (omitted)
            country5 |          0  (omitted)
            country6 |  -4.502242   5.208653    -0.86   0.387    -14.71101    5.706531
            country7 |          0  (omitted)
            country8 |          0  (omitted)
            country9 |          0  (omitted)
           country10 |          0  (omitted)
           country11 |          0  (omitted)
           country12 |          0  (omitted)
           country13 |          0  (omitted)
           country14 |          0  (omitted)
           country15 |          0  (omitted)
           country16 |          0  (omitted)
           country17 |          0  (omitted)
           country18 |  -2.555742   7.541592    -0.34   0.735    -17.33699    12.22551
               _cons |  -40.04286    18.1341    -2.21   0.027    -75.58503   -4.500687
---------------------+----------------------------------------------------------------
                 rho |    .574411
--------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_wdi6 |        703    .8306209    2.115902          0   15.63309

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        177
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =       11.8
                                                              max =         26
Estimated covariances      =       120          R-squared         =     0.9003
Estimated autocorrelations =         1          Wald chi2(18)     =   17999.65
Estimated coefficients     =        23          Prob > chi2       =     0.0000

--------------------------------------------------------------------------------------
                     |           Panel-corrected
         DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
---------------------+----------------------------------------------------------------
            CC_gini3 |    197.912   39.39794     5.02   0.000     120.6934    275.1305
             BB_wdi6 |    -.67745   2.456562    -0.28   0.783    -5.492224    4.137324
                     |
c.CC_gini3#c.BB_wdi6 |   .1997033   9.342147     0.02   0.983    -18.11057    18.50997
                     |
          CA_golden3 |   8.867337   29.85193     0.30   0.766    -49.64137    67.37604
              DA_pc8 |  -.7411643   .1863404    -3.98   0.000    -1.106385   -.3759438
           DC_total1 |  -.1257517   .1872842    -0.67   0.502    -.4928221    .2413186
            DE_total |   1.513491   .0536908    28.19   0.000     1.408259    1.618723
             DG_cpi5 |  -.6261373    .250708    -2.50   0.013    -1.117516   -.1347586
            country2 |   8.048395   4.171241     1.93   0.054    -.1270867    16.22388
            country3 |   18.01367   3.566131     5.05   0.000     11.02419    25.00316
            country4 |  -2.644929   3.697687    -0.72   0.474    -9.892262    4.602405
            country5 |   22.83795   4.439085     5.14   0.000      14.1375     31.5384
            country6 |   19.29237   4.607793     4.19   0.000     10.26126    28.32348
            country7 |   1.591111   3.270451     0.49   0.627    -4.818855    8.001078
            country8 |   24.41775   3.563605     6.85   0.000     17.43321    31.40229
            country9 |          0  (omitted)
           country10 |  -14.44277   3.480506    -4.15   0.000    -21.26444   -7.621103
           country11 |  -3.183653   4.522918    -0.70   0.481    -12.04841    5.681103
           country12 |   4.483301   3.606139     1.24   0.214    -2.584601     11.5512
           country13 |          0  (omitted)
           country14 |   16.43202   5.306712     3.10   0.002     6.031054    26.83298
           country15 |   11.43238   6.216995     1.84   0.066    -.7527012    23.61747
           country16 |          0  (omitted)
           country17 |  -6.858507   3.423292    -2.00   0.045    -13.56803   -.1489785
           country18 |  -15.79484   3.629615    -4.35   0.000    -22.90876   -8.680927
               _cons |  -90.54729   13.48642    -6.71   0.000    -116.9802   -64.11438
---------------------+----------------------------------------------------------------
                 rho |   .5707607
--------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.666667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9388
Estimated autocorrelations =         1          Wald chi2(19)     =  269545.50
Estimated coefficients     =        20          Prob > chi2       =     0.0000

--------------------------------------------------------------------------------------
                     |           Panel-corrected
            DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
---------------------+----------------------------------------------------------------
            CC_gini3 |   149.0277   25.45727     5.85   0.000     99.13236     198.923
             BB_wdi6 |  -2.220892   3.245788    -0.68   0.494     -8.58252    4.140736
                     |
c.CC_gini3#c.BB_wdi6 |   9.371131   12.10833     0.77   0.439    -14.36077    33.10303
                     |
          CA_golden3 |  -6.117842   26.64351    -0.23   0.818    -58.33816    46.10248
              DA_pc8 |  -.4024762   .1815963    -2.22   0.027    -.7583985    -.046554
           DC_total1 |   .0098531   .1657603     0.06   0.953    -.3150312    .3347373
            DE_total |   1.054855   .0366141    28.81   0.000     .9830924    1.126617
             DG_cpi5 |  -.4529789   .2190535    -2.07   0.039    -.8823159   -.0236418
            country2 |   43.63397   2.850785    15.31   0.000     38.04653    49.22141
            country3 |   17.16026   2.264167     7.58   0.000     12.72257    21.59795
            country4 |          0  (omitted)
            country5 |   17.00969   3.768509     4.51   0.000     9.623551    24.39584
            country6 |          0  (omitted)
            country7 |   10.92013   2.147135     5.09   0.000      6.71182    15.12844
            country8 |   19.09453   2.286755     8.35   0.000     14.61257    23.57649
            country9 |          0  (omitted)
           country10 |   2.238388   2.457188     0.91   0.362    -2.577613    7.054388
           country11 |   31.12086   2.740736    11.35   0.000     25.74911     36.4926
           country12 |   16.79121   2.398966     7.00   0.000     12.08932     21.4931
           country13 |          0  (omitted)
           country14 |   9.466377   3.650499     2.59   0.010      2.31153    16.62122
           country15 |   17.71856   3.921827     4.52   0.000     10.03192     25.4052
           country16 |          0  (omitted)
           country17 |  -4.424106   2.402888    -1.84   0.066     -9.13368     .285467
           country18 |          0  (omitted)
               _cons |  -74.34902   8.868043    -8.38   0.000    -91.73006   -56.96797
---------------------+----------------------------------------------------------------
                 rho |    .536134
--------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         58
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  19.333333
                                                              max =         26
Estimated covariances      =         6          R-squared         =     0.9235
Estimated autocorrelations =         1          Wald chi2(11)     =   11293.96
Estimated coefficients     =        11          Prob > chi2       =     0.0000

--------------------------------------------------------------------------------------
                     |           Panel-corrected
            DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
---------------------+----------------------------------------------------------------
            CC_gini3 |  -43.96848   99.88084    -0.44   0.660    -239.7313    151.7944
             BB_wdi6 |  -31.41223   11.48625    -2.73   0.006    -53.92486   -8.899591
                     |
c.CC_gini3#c.BB_wdi6 |   99.57576   36.15335     2.75   0.006     28.71649     170.435
                     |
          CA_golden3 |   42.98522   35.69082     1.20   0.228     -26.9675    112.9379
              DA_pc8 |  -.8804533   .1673427    -5.26   0.000    -1.208439   -.5524676
           DC_total1 |   -.749913   .1558724    -4.81   0.000    -1.055417   -.4444088
            DE_total |   1.483878   .1590218     9.33   0.000     1.172201    1.795555
             DG_cpi5 |  -1.143896   .2731186    -4.19   0.000    -1.679198   -.6085929
            country2 |          0  (omitted)
            country3 |          0  (omitted)
            country4 |  -28.16604   17.61963    -1.60   0.110    -62.69989    6.367801
            country5 |          0  (omitted)
            country6 |  -34.24617    12.8199    -2.67   0.008    -59.37272   -9.119622
            country7 |          0  (omitted)
            country8 |          0  (omitted)
            country9 |          0  (omitted)
           country10 |          0  (omitted)
           country11 |          0  (omitted)
           country12 |          0  (omitted)
           country13 |          0  (omitted)
           country14 |          0  (omitted)
           country15 |          0  (omitted)
           country16 |          0  (omitted)
           country17 |          0  (omitted)
           country18 |  -37.09888   23.67965    -1.57   0.117    -83.51013    9.312372
               _cons |          0  (omitted)
---------------------+----------------------------------------------------------------
                 rho |   .4355471
--------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_41 |        254    48.78192    112.7198    .041802   688.8552
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        126
Time variable:    A_year                        Number of groups  =         11
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.454545
                                                              max =         26
Estimated covariances      =        66          R-squared         =     0.9102
Estimated autocorrelations =         1          Wald chi2(17)     =    4613.61
Estimated coefficients     =        19          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------
                   |           Panel-corrected
       DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------+----------------------------------------------------------------
          CC_gini3 |   216.0953   71.66722     3.02   0.003     75.63009    356.5604
             OC_41 |  -.0187016   .0831362    -0.22   0.822    -.1816456    .1442423
                   |
c.CC_gini3#c.OC_41 |   .0563697   .3508797     0.16   0.872    -.6313419    .7440813
                   |
        CA_golden3 |   40.69304    36.4701     1.12   0.265    -30.78704    112.1731
            DA_pc8 |  -.7833358   .2077774    -3.77   0.000    -1.190572   -.3760995
         DC_total1 |  -.7282097   .3609542    -2.02   0.044    -1.435667   -.0207525
          DE_total |    1.32551    .107369    12.35   0.000     1.115071     1.53595
           DG_cpi5 |  -.9395044   .2822687    -3.33   0.001    -1.492741   -.3862679
          country2 |   7.737032   5.770282     1.34   0.180    -3.572513    19.04658
          country3 |          0  (omitted)
          country4 |  -3.544431   4.098121    -0.86   0.387     -11.5766    4.487739
          country5 |   22.65076   6.031495     3.76   0.000     10.82924    34.47227
          country6 |          0  (omitted)
          country7 |          0  (omitted)
          country8 |   25.80625   3.983689     6.48   0.000     17.99836    33.61414
          country9 |          0  (omitted)
         country10 |  -13.10168   3.841245    -3.41   0.001    -20.63038   -5.572974
         country11 |  -8.811654   5.031259    -1.75   0.080    -18.67274    1.049432
         country12 |   2.386975   4.053577     0.59   0.556     -5.55789    10.33184
         country13 |          0  (omitted)
         country14 |   9.587732   6.471864     1.48   0.138    -3.096889    22.27235
         country15 |          0  (omitted)
         country16 |          0  (omitted)
         country17 |  -9.248283   4.665844    -1.98   0.047    -18.39317   -.1033964
         country18 |  -19.62282   4.856608    -4.04   0.000     -29.1416   -10.10404
             _cons |  -72.54593   18.51696    -3.92   0.000    -108.8385   -36.25336
-------------------+----------------------------------------------------------------
               rho |    .604772
------------------------------------------------------------------------------------
note: country3 omitted because of collinearity
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         80
Time variable:    A_year                        Number of groups  =          9
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  8.8888889
                                                              max =         16
Estimated covariances      =        45          R-squared         =     0.9638
Estimated autocorrelations =         1          Wald chi2(16)     =   17357.25
Estimated coefficients     =        17          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------
                   |           Panel-corrected
          DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------+----------------------------------------------------------------
          CC_gini3 |   191.3704   65.44512     2.92   0.003     63.10031    319.6405
             OC_41 |   .3060365   .4398802     0.70   0.487    -.5561129    1.168186
                   |
c.CC_gini3#c.OC_41 |  -1.186179   1.677192    -0.71   0.479    -4.473415    2.101058
                   |
        CA_golden3 |   14.59979   30.40789     0.48   0.631    -44.99858    74.19816
            DA_pc8 |   -.346737   .1621626    -2.14   0.033    -.6645699   -.0289041
         DC_total1 |  -.5378136   .1812809    -2.97   0.003    -.8931176   -.1825096
          DE_total |   .8452785   .0790908    10.69   0.000     .6902634    1.000294
           DG_cpi5 |   -.480089   .2600954    -1.85   0.065    -.9898666    .0296885
          country2 |   43.85538   4.865343     9.01   0.000     34.31948    53.39128
          country3 |          0  (omitted)
          country4 |          0  (omitted)
          country5 |   18.88733   6.477007     2.92   0.004     6.192625    31.58203
          country6 |          0  (omitted)
          country7 |          0  (omitted)
          country8 |   20.36215   3.497989     5.82   0.000     13.50621    27.21808
          country9 |          0  (omitted)
         country10 |   1.148328   2.842733     0.40   0.686    -4.423328    6.719983
         country11 |   24.38078   3.176867     7.67   0.000     18.15423    30.60732
         country12 |    14.5118   2.934676     4.94   0.000     8.759938    20.26366
         country13 |          0  (omitted)
         country14 |   11.03539    5.57791     1.98   0.048       .10289     21.9679
         country15 |          0  (omitted)
         country16 |          0  (omitted)
         country17 |  -6.388201   3.523652    -1.81   0.070    -13.29443    .5180289
         country18 |          0  (omitted)
             _cons |  -61.92151   15.21082    -4.07   0.000    -91.73417   -32.10886
-------------------+----------------------------------------------------------------
               rho |   .6288489
------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         42
Time variable:    A_year                        Number of groups  =          2
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =         21
                                                              max =         26
Estimated covariances      =         3          R-squared         =     0.9053
Estimated autocorrelations =         1          Wald chi2(9)      =     622.96
Estimated coefficients     =        10          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------
                   |           Panel-corrected
          DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------+----------------------------------------------------------------
          CC_gini3 |   228.4153   137.6024     1.66   0.097    -41.28053    498.1111
             OC_41 |  -.6667874   .4105855    -1.62   0.104     -1.47152    .1379453
                   |
c.CC_gini3#c.OC_41 |   1.989736   1.361795     1.46   0.144    -.6793338    4.658806
                   |
        CA_golden3 |   46.42601    49.5486     0.94   0.349    -50.68747    143.5395
            DA_pc8 |  -.5006199   .2006697    -2.49   0.013    -.8939252   -.1073146
         DC_total1 |   .5861542   .5383756     1.09   0.276    -.4690425    1.641351
          DE_total |   1.421224   .2078454     6.84   0.000     1.013855    1.828594
           DG_cpi5 |  -.3253909   .2546947    -1.28   0.201    -.8245832    .1738015
          country2 |          0  (omitted)
          country3 |          0  (omitted)
          country4 |          0  (omitted)
          country5 |          0  (omitted)
          country6 |          0  (omitted)
          country7 |          0  (omitted)
          country8 |          0  (omitted)
          country9 |          0  (omitted)
         country10 |          0  (omitted)
         country11 |          0  (omitted)
         country12 |          0  (omitted)
         country13 |          0  (omitted)
         country14 |          0  (omitted)
         country15 |          0  (omitted)
         country16 |          0  (omitted)
         country17 |          0  (omitted)
         country18 |  -21.20566   9.067824    -2.34   0.019    -38.97827   -3.433051
             _cons |  -116.2089   29.83106    -3.90   0.000    -174.6767   -57.74106
-------------------+----------------------------------------------------------------
               rho |   .6273228
------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_42 |        241    441.6258    1057.761    .482557    6135.72
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        126
Time variable:    A_year                        Number of groups  =         11
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.454545
                                                              max =         26
Estimated covariances      =        66          R-squared         =     0.9143
Estimated autocorrelations =         1          Wald chi2(16)     =    7961.37
Estimated coefficients     =        19          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------
                   |           Panel-corrected
       DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------+----------------------------------------------------------------
          CC_gini3 |   199.1807   71.49342     2.79   0.005     59.05621    339.3053
             OC_42 |  -.0165643   .0084517    -1.96   0.050    -.0331294    7.47e-07
                   |
c.CC_gini3#c.OC_42 |   .0662109   .0343333     1.93   0.054    -.0010813     .133503
                   |
        CA_golden3 |   40.83702   34.55516     1.18   0.237    -26.88985    108.5639
            DA_pc8 |  -.7621847     .19521    -3.90   0.000    -1.144789   -.3795801
         DC_total1 |  -.7798288   .3583015    -2.18   0.030    -1.482087   -.0775707
          DE_total |   1.313485   .1056188    12.44   0.000     1.106476    1.520494
           DG_cpi5 |  -.9398314   .2749564    -3.42   0.001    -1.478736   -.4009269
          country2 |   7.152119    5.74574     1.24   0.213    -4.109325    18.41356
          country3 |          0  (omitted)
          country4 |  -4.161763   4.169903    -1.00   0.318    -12.33462    4.011097
          country5 |   22.00041   6.159181     3.57   0.000     9.928637    34.07218
          country6 |          0  (omitted)
          country7 |          0  (omitted)
          country8 |    25.8203   4.036211     6.40   0.000     17.90947    33.73112
          country9 |          0  (omitted)
         country10 |  -12.17465    3.94527    -3.09   0.002    -19.90723   -4.442062
         country11 |  -8.402386   4.960128    -1.69   0.090    -18.12406    1.319287
         country12 |   2.349527   4.085796     0.58   0.565    -5.658486    10.35754
         country13 |          0  (omitted)
         country14 |   7.653109   5.981751     1.28   0.201    -4.070907    19.37712
         country15 |          0  (omitted)
         country16 |          0  (omitted)
         country17 |  -8.798922   4.806176    -1.83   0.067    -18.21885    .6210109
         country18 |  -19.61391   4.964833    -3.95   0.000    -29.34481   -9.883021
             _cons |  -66.48786   18.73933    -3.55   0.000    -103.2163   -29.75944
-------------------+----------------------------------------------------------------
               rho |   .6387266
------------------------------------------------------------------------------------
note: country3 omitted because of collinearity
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         80
Time variable:    A_year                        Number of groups  =          9
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  8.8888889
                                                              max =         16
Estimated covariances      =        45          R-squared         =     0.9641
Estimated autocorrelations =         1          Wald chi2(16)     =   29446.84
Estimated coefficients     =        17          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------
                   |           Panel-corrected
          DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------+----------------------------------------------------------------
          CC_gini3 |   185.4075   64.82839     2.86   0.004     58.34615    312.4688
             OC_42 |  -.0285308   .0118942    -2.40   0.016    -.0518429   -.0052187
                   |
c.CC_gini3#c.OC_42 |   .1112346   .0454416     2.45   0.014     .0221707    .2002985
                   |
        CA_golden3 |    19.5886   26.91224     0.73   0.467    -33.15843    72.33562
            DA_pc8 |    -.36097   .1550591    -2.33   0.020    -.6648801   -.0570598
         DC_total1 |  -.5391841    .179788    -3.00   0.003    -.8915622    -.186806
          DE_total |   .8387351   .0768151    10.92   0.000     .6881804    .9892899
           DG_cpi5 |  -.5397793   .2559908    -2.11   0.035    -1.041512   -.0380465
          country2 |   45.43771   4.930238     9.22   0.000     35.77462    55.10079
          country3 |          0  (omitted)
          country4 |          0  (omitted)
          country5 |   22.28715    6.65889     3.35   0.001     9.235968    35.33834
          country6 |          0  (omitted)
          country7 |          0  (omitted)
          country8 |   22.07614   3.524785     6.26   0.000     15.16769    28.98459
          country9 |          0  (omitted)
         country10 |   3.012937   2.688831     1.12   0.262    -2.257074    8.282948
         country11 |   26.24522   2.832486     9.27   0.000     20.69365     31.7968
         country12 |   16.08882   2.872233     5.60   0.000     10.45935     21.7183
         country13 |          0  (omitted)
         country14 |   10.50572   4.836826     2.17   0.030     1.025714    19.98572
         country15 |          0  (omitted)
         country16 |          0  (omitted)
         country17 |  -6.907374   3.669466    -1.88   0.060    -14.09939    .2846466
         country18 |          0  (omitted)
             _cons |  -61.21999   15.37756    -3.98   0.000    -91.35946   -31.08052
-------------------+----------------------------------------------------------------
               rho |   .6155819
------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         42
Time variable:    A_year                        Number of groups  =          2
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =         21
                                                              max =         26
Estimated covariances      =         3          R-squared         =     0.8967
Estimated autocorrelations =         1          Wald chi2(10)     =    6773.15
Estimated coefficients     =        10          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------
                   |           Panel-corrected
          DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------+----------------------------------------------------------------
          CC_gini3 |    117.702   126.8772     0.93   0.354    -130.9727    366.3768
             OC_42 |  -.0518661   .0461676    -1.12   0.261    -.1423531    .0386208
                   |
c.CC_gini3#c.OC_42 |   .1617884   .1486729     1.09   0.276    -.1296051    .4531819
                   |
        CA_golden3 |   51.08003   53.25034     0.96   0.337    -53.28871    155.4488
            DA_pc8 |  -.5807883   .1980162    -2.93   0.003    -.9688929   -.1926837
         DC_total1 |   .4063518   .5807166     0.70   0.484    -.7318319    1.544535
          DE_total |   1.606692   .1924879     8.35   0.000     1.229423    1.983962
           DG_cpi5 |  -.3637058   .3032752    -1.20   0.230    -.9581144    .2307028
          country2 |          0  (omitted)
          country3 |          0  (omitted)
          country4 |  -101.3214   30.14732    -3.36   0.001    -160.4091   -42.23374
          country5 |          0  (omitted)
          country6 |          0  (omitted)
          country7 |          0  (omitted)
          country8 |          0  (omitted)
          country9 |          0  (omitted)
         country10 |          0  (omitted)
         country11 |          0  (omitted)
         country12 |          0  (omitted)
         country13 |          0  (omitted)
         country14 |          0  (omitted)
         country15 |          0  (omitted)
         country16 |          0  (omitted)
         country17 |          0  (omitted)
         country18 |  -113.3881   36.31945    -3.12   0.002    -184.5729    -42.2033
             _cons |          0  (omitted)
-------------------+----------------------------------------------------------------
               rho |   .6212646
------------------------------------------------------------------------------------

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Table I
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach NTR of varlist BB_dunning2 BB_oil2 BB_wdi6 OC_41 OC_42 {
  2. 
. sum `NTR'
  3. local min3 = round(r(min),10)
  4. local max3 = round(r(max),10)
  5. local step3 = (`max3' - `min3')/10
  6. 
. global reer_wage_reg1 "xtpcse c.DG_reer2 c.$WC##c.`NTR' $controls_reer   , pairwise correlat
> ion(ar1)"
  7. global reer_wage_reg2 "xtpcse c.DG_reer1 c.$WC##c.`NTR' $controls_reer   , pairwise corre
> lation(ar1)"
  8. 
. forvalues x=1/2 {
  9.         capture noisily ${reer_wage_reg`x'} 
 10.         estimates store D_reer_wage_reg`x'_`i'_est
 11.         }
 12. }

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
 BB_dunning2 |        756    100.4157     265.054          0   2759.885

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        160
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =         10
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8417
Estimated autocorrelations =         1          Wald chi2(23)     =  110232.10
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   37.76109   20.20039     1.87   0.062    -1.830947    77.35312
            BB_dunning2 |   .0538366   .0308302     1.75   0.081    -.0065895    .1142628
                        |
c.CA_cent#c.BB_dunning2 |  -.1158576   .0549303    -2.11   0.035     -.223519   -.0081962
                        |
                BA_cbi2 |  -10.50244   4.783292    -2.20   0.028    -19.87752   -1.127359
             DA_relprod |   122.4197    43.3501     2.82   0.005     37.45505    207.3843
                 DA_pc8 |  -1.098405   .4183615    -2.63   0.009    -1.918379   -.2784318
                DG_cpi5 |   .1580601   .2044796     0.77   0.440    -.2427125    .5588327
            DG_nominal1 |   .9866766   .1091417     9.04   0.000     .7727629     1.20059
                        |
                  OB_01 |
 De facto crawling peg  |  -3.143241   6.297251    -0.50   0.618    -15.48563    9.199144
      Managed floating  |   6.988004   4.406401     1.59   0.113    -1.648382    15.62439
       Freely floating  |  -48.07331   18.90743    -2.54   0.011    -85.13119   -11.01543
                        |
               country2 |  -26.70425   21.79826    -1.23   0.221    -69.42804    16.01955
               country3 |  -15.50221   12.36825    -1.25   0.210    -39.74354    8.739119
               country4 |  -31.52524   21.87327    -1.44   0.150    -74.39606    11.34558
               country5 |  -9.714545   6.956269    -1.40   0.163    -23.34858    3.919492
               country6 |   11.00324   14.98008     0.73   0.463    -18.35719    40.36367
               country7 |          0  (omitted)
               country8 |   53.71356   16.54002     3.25   0.001     21.29572    86.13141
               country9 |          0  (omitted)
              country10 |  -37.39537   17.65705    -2.12   0.034    -72.00255   -2.788185
              country11 |   63.10499   12.65387     4.99   0.000     38.30387    87.90611
              country12 |   .2091059   9.514143     0.02   0.982    -18.43827    18.85648
              country13 |   -20.2895   11.40485    -1.78   0.075    -42.64258    2.063588
              country14 |  -43.26664   15.64396    -2.77   0.006    -73.92823   -12.60504
              country15 |   1.248028    18.7548     0.07   0.947     -35.5107    38.00675
              country16 |          0  (omitted)
              country17 |  -41.53231   13.17575    -3.15   0.002    -67.35631   -15.70831
              country18 |   66.85631    17.2604     3.87   0.000     33.02655    100.6861
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5439684
-----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        227
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =    14.1875
                                                              max =         22
Estimated covariances      =       136          R-squared         =     0.8435
Estimated autocorrelations =         1          Wald chi2(22)     =    1091.79
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   12.74916   13.98713     0.91   0.362     -14.6651    40.16343
            BB_dunning2 |   .0662081   .0142437     4.65   0.000     .0382909    .0941253
                        |
c.CA_cent#c.BB_dunning2 |  -.1139016   .0248626    -4.58   0.000    -.1626314   -.0651717
                        |
                BA_cbi2 |   15.78924   1.949497     8.10   0.000      11.9683    19.61019
             DA_relprod |  -66.93936   18.64939    -3.59   0.000    -103.4915   -30.38722
                 DA_pc8 |   .0837371   .1814728     0.46   0.644    -.2719431    .4394173
                DG_cpi5 |  -.1776174   .1383421    -1.28   0.199     -.448763    .0935282
            DG_nominal1 |   .4171425   .0606606     6.88   0.000     .2982499    .5360352
                        |
                  OB_01 |
 De facto crawling peg  |   2.499945   1.774887     1.41   0.159      -.97877    5.978659
      Managed floating  |   3.572757   2.610888     1.37   0.171    -1.544488    8.690003
       Freely floating  |   43.53031   9.432634     4.61   0.000     25.04269    62.01793
                        |
               country2 |   24.06395   11.76777     2.04   0.041     .9995561    47.12835
               country3 |   27.12701   4.982998     5.44   0.000     17.36052    36.89351
               country4 |   41.53367   10.05752     4.13   0.000      21.8213    61.24604
               country5 |  -1.958689   4.548599    -0.43   0.667    -10.87378    6.956402
               country6 |   46.38283   6.785986     6.84   0.000     33.08254    59.68312
               country7 |          0  (omitted)
               country8 |  -34.84501   8.521689    -4.09   0.000    -51.54721   -18.14281
               country9 |          0  (omitted)
              country10 |   43.12038   7.765405     5.55   0.000     27.90046    58.34029
              country11 |   13.21583   9.366596     1.41   0.158    -5.142357    31.57402
              country12 |   8.135029   4.597189     1.77   0.077    -.8752963    17.14535
              country13 |   3.981831   5.741389     0.69   0.488    -7.271084    15.23475
              country14 |    24.4821   8.447774     2.90   0.004     7.924768    41.03943
              country15 |   48.30116   8.594038     5.62   0.000     31.45716    65.14517
              country16 |          0  (omitted)
              country17 |   36.81955   6.698562     5.50   0.000     23.69061    49.94849
              country18 |  -18.11061   10.55816    -1.72   0.086    -38.80422    2.582997
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .6151552
-----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_oil2 |        720     6.59739    10.54686      .0431   67.87345

Number of gaps in sample:  3
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        149
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =  10.642857
                                                              max =         13
Estimated covariances      =       105          R-squared         =     0.8293
Estimated autocorrelations =         1          Wald chi2(21)     =   19064.99
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   37.65861   22.87426     1.65   0.100    -7.174108    82.49134
               BB_oil2 |   2.254761   1.665457     1.35   0.176    -1.009475    5.518997
                       |
   c.CA_cent#c.BB_oil2 |  -4.375833   2.689541    -1.63   0.104    -9.647237    .8955707
                       |
               BA_cbi2 |   2.089912   2.248704     0.93   0.353    -2.317467    6.497292
            DA_relprod |   115.0924   45.50695     2.53   0.011     25.90042    204.2844
                DA_pc8 |   -1.04477   .4400599    -2.37   0.018    -1.907272   -.1822685
               DG_cpi5 |   .1645459   .2002113     0.82   0.411    -.2278611    .5569528
           DG_nominal1 |   .9481746   .1255128     7.55   0.000      .702174    1.194175
                       |
                 OB_01 |
De facto crawling peg  |  -3.559948   6.394406    -0.56   0.578    -16.09275    8.972857
     Managed floating  |   5.222931   4.162766     1.25   0.210     -2.93594     13.3818
      Freely floating  |    11.0892   11.55145     0.96   0.337    -11.55123    33.72963
                       |
              country2 |   5.477758   17.09505     0.32   0.749    -28.02793    38.98345
              country3 |          0  (omitted)
              country4 |   26.13274   15.63181     1.67   0.095    -4.505054    56.77053
              country5 |   7.943236   13.96359     0.57   0.569    -19.42489    35.31136
              country6 |   41.20132   13.66073     3.02   0.003     14.42678    67.97586
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   4.984504   15.20842     0.33   0.743    -24.82346    34.79247
             country11 |    33.7995   8.637478     3.91   0.000     16.87035    50.72864
             country12 |     17.994   11.58187     1.55   0.120     -4.70604    40.69404
             country13 |   11.78887   15.71772     0.75   0.453     -19.0173    42.59504
             country14 |          0  (omitted)
             country15 |   46.81654   14.74624     3.17   0.001     17.91443    75.71865
             country16 |          0  (omitted)
             country17 |  -6.070024   14.61158    -0.42   0.678    -34.70819    22.56814
             country18 |   46.36287   11.94151     3.88   0.000     22.95794     69.7678
                 _cons |  -62.64404   35.40045    -1.77   0.077    -132.0276    6.739567
-----------------------+----------------------------------------------------------------
                   rho |   .5862934
----------------------------------------------------------------------------------------

Number of gaps in sample:  3
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        216
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =  15.428571
                                                              max =         22
Estimated covariances      =       105          R-squared         =     0.8215
Estimated autocorrelations =         1          Wald chi2(22)     =    2547.26
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   27.17819   16.97615     1.60   0.109    -6.094453    60.45083
               BB_oil2 |   3.848677   .9779682     3.94   0.000     1.931895     5.76546
                       |
   c.CA_cent#c.BB_oil2 |  -6.674984   1.749703    -3.81   0.000    -10.10434   -3.245629
                       |
               BA_cbi2 |    7.31943   1.140348     6.42   0.000      5.08439    9.554471
            DA_relprod |  -62.66986   19.17987    -3.27   0.001    -100.2617   -25.07801
                DA_pc8 |   .1305381    .203651     0.64   0.522    -.2686105    .5296866
               DG_cpi5 |  -.0954552   .1261365    -0.76   0.449    -.3426783    .1517678
           DG_nominal1 |   .3604043    .062859     5.73   0.000      .237203    .4836057
                       |
                 OB_01 |
De facto crawling peg  |   .8420739   1.655503     0.51   0.611    -2.402652    4.086799
     Managed floating  |   .1241372   2.639883     0.05   0.962    -5.049938    5.298213
      Freely floating  |   7.147621   5.102289     1.40   0.161    -2.852681    17.14792
                       |
              country2 |   1.181585   9.078324     0.13   0.896     -16.6116    18.97477
              country3 |          0  (omitted)
              country4 |   11.14557   7.972118     1.40   0.162    -4.479496    26.77063
              country5 |  -11.52789   4.915571    -2.35   0.019    -21.16224   -1.893551
              country6 |     27.355   5.668584     4.83   0.000     16.24478    38.46522
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   15.63696   6.453287     2.42   0.015     2.988749    28.28517
             country11 |   31.51904     6.1034     5.16   0.000      19.5566    43.48149
             country12 |    -7.1497   4.823283    -1.48   0.138    -16.60316    2.303762
             country13 |  -8.671769   6.610518    -1.31   0.190    -21.62815    4.284609
             country14 |          0  (omitted)
             country15 |   24.21452   4.462267     5.43   0.000     15.46864    32.96041
             country16 |          0  (omitted)
             country17 |   .7255301   8.417408     0.09   0.931    -15.77229    17.22335
             country18 |   16.24795   7.262018     2.24   0.025      2.01466    30.48125
                 _cons |    40.3891   13.98314     2.89   0.004     12.98266    67.79555
-----------------------+----------------------------------------------------------------
                   rho |   .6051481
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_wdi6 |        703    .8306209    2.115902          0   15.63309

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        160
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =         10
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8420
Estimated autocorrelations =         1          Wald chi2(23)     =  317001.75
Estimated coefficients     =        25          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   31.86965   21.82711     1.46   0.144    -10.91069       74.65
               BB_wdi6 |   11.86309   7.315311     1.62   0.105    -2.474656    26.20084
                       |
   c.CA_cent#c.BB_wdi6 |  -23.33142   13.34733    -1.75   0.080     -49.4917    2.828866
                       |
               BA_cbi2 |  -8.682506   4.926464    -1.76   0.078     -18.3382    .9731857
            DA_relprod |   107.9209   44.36336     2.43   0.015     20.97029    194.8715
                DA_pc8 |  -1.121914   .4220603    -2.66   0.008    -1.949137   -.2946909
               DG_cpi5 |   .1256332   .1902391     0.66   0.509    -.2472286    .4984949
           DG_nominal1 |   .9659289   .1155806     8.36   0.000     .7393952    1.192463
                       |
                 OB_01 |
De facto crawling peg  |  -4.017629   6.310126    -0.64   0.524    -16.38525    8.349992
     Managed floating  |    5.07977   4.282945     1.19   0.236    -3.314648    13.47419
      Freely floating  |  -41.75405   19.55424    -2.14   0.033    -80.07966   -3.428438
                       |
              country2 |   -19.6641   22.73854    -0.86   0.387    -64.23081    24.90262
              country3 |  -11.88277   12.69338    -0.94   0.349    -36.76134     12.9958
              country4 |  -19.46921   20.17564    -0.96   0.335    -59.01273    20.07432
              country5 |  -7.651589   7.456853    -1.03   0.305    -22.26675    6.963575
              country6 |   16.40082   15.44026     1.06   0.288    -13.86154    46.66318
              country7 |          0  (omitted)
              country8 |   48.06147   16.91763     2.84   0.004     14.90351    81.21942
              country9 |          0  (omitted)
             country10 |   -30.6016   18.24421    -1.68   0.093     -66.3596    5.156397
             country11 |    60.4054   13.39416     4.51   0.000     34.15333    86.65747
             country12 |   .9568953    9.88093     0.10   0.923    -18.40937    20.32316
             country13 |  -16.16694    11.7318    -1.38   0.168    -39.16085    6.826966
             country14 |  -36.90354   17.29486    -2.13   0.033    -70.80085    -3.00623
             country15 |   9.297457   18.95947     0.49   0.624    -27.86243    46.45734
             country16 |          0  (omitted)
             country17 |  -42.83938   14.54011    -2.95   0.003    -71.33747   -14.34129
             country18 |   69.60991   17.32789     4.02   0.000     35.64786    103.5719
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |   .5919673
----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        227
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =    14.1875
                                                              max =         22
Estimated covariances      =       136          R-squared         =     0.8292
Estimated autocorrelations =         1          Wald chi2(24)     =   58409.02
Estimated coefficients     =        25          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   4.719721    14.7079     0.32   0.748    -24.10724    33.54668
               BB_wdi6 |   8.381558   3.201574     2.62   0.009     2.106589    14.65653
                       |
   c.CA_cent#c.BB_wdi6 |  -14.39016   5.733063    -2.51   0.012    -25.62676   -3.153566
                       |
               BA_cbi2 |   16.22369   2.037114     7.96   0.000     12.23102    20.21636
            DA_relprod |  -64.97361   19.05895    -3.41   0.001    -102.3285   -27.61876
                DA_pc8 |   .0169837   .2015656     0.08   0.933    -.3780777    .4120452
               DG_cpi5 |  -.1642111   .1430701    -1.15   0.251    -.4446234    .1162012
           DG_nominal1 |   .4147066   .0631813     6.56   0.000     .2908734    .5385397
                       |
                 OB_01 |
De facto crawling peg  |   2.271716   1.806923     1.26   0.209    -1.269789     5.81322
     Managed floating  |   3.234764   2.691935     1.20   0.229    -2.041332     8.51086
      Freely floating  |   47.59822   9.832401     4.84   0.000     28.32707    66.86937
                       |
              country2 |   30.17965   12.27035     2.46   0.014     6.130211    54.22909
              country3 |   29.20793   5.172316     5.65   0.000     19.07038    39.34548
              country4 |   58.65719   9.193203     6.38   0.000     40.63884    76.67553
              country5 |   .3696966   4.752193     0.08   0.938     -8.94443    9.683823
              country6 |   47.86951   6.979624     6.86   0.000      34.1897    61.54932
              country7 |          0  (omitted)
              country8 |  -38.08079   8.833442    -4.31   0.000    -55.39402   -20.76757
              country9 |          0  (omitted)
             country10 |   44.83302   7.973602     5.62   0.000     29.20505    60.46099
             country11 |   9.102485   9.713823     0.94   0.349    -9.936258    28.14123
             country12 |   11.19106   4.676324     2.39   0.017     2.025633    20.35648
             country13 |    5.71568   5.952292     0.96   0.337    -5.950599    17.38196
             country14 |   28.44311   9.025513     3.15   0.002     10.75343    46.13279
             country15 |   51.56506   8.918352     5.78   0.000     34.08541    69.04471
             country16 |          0  (omitted)
             country17 |    33.8589   7.710447     4.39   0.000      18.7467     48.9711
             country18 |  -8.361518   10.81254    -0.77   0.439    -29.55372    12.83068
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |   .6190064
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_41 |        254    48.78192    112.7198    .041802   688.8552

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        133
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =  11.083333
                                                              max =         13
Estimated covariances      =        78          R-squared         =     0.7801
Estimated autocorrelations =         1          Wald chi2(20)     =   14809.21
Estimated coefficients     =        21          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   38.80421   20.30409     1.91   0.056    -.9910806     78.5995
                 OC_41 |   .5035122   .1588501     3.17   0.002     .1921718    .8148526
                       |
     c.CA_cent#c.OC_41 |  -.9535287   .2860619    -3.33   0.001      -1.5142   -.3928577
                       |
               BA_cbi2 |   3.092478   1.869036     1.65   0.098    -.5707655    6.755721
            DA_relprod |   151.9386   50.53437     3.01   0.003     52.89305    250.9841
                DA_pc8 |   -.953343   .4347481    -2.19   0.028    -1.805434   -.1012523
               DG_cpi5 |   .0051493    .215657     0.02   0.981    -.4175307    .4278293
           DG_nominal1 |   .9239825   .1183434     7.81   0.000     .6920336    1.155931
                       |
                 OB_01 |
De facto crawling peg  |  -18.06089   13.83288    -1.31   0.192    -45.17283    9.051054
     Managed floating  |   2.378493    5.70395     0.42   0.677    -8.801043    13.55803
      Freely floating  |  -63.86328   25.61688    -2.49   0.013    -114.0714   -13.65513
                       |
              country2 |  -71.89332   35.74688    -2.01   0.044    -141.9559    -1.83072
              country3 |          0  (omitted)
              country4 |  -32.82534   25.65642    -1.28   0.201      -83.111    17.46032
              country5 |  -51.62061   24.36531    -2.12   0.034    -99.37574   -3.865475
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |  -53.88821   28.08657    -1.92   0.055    -108.9369    1.160447
             country11 |   29.00471   9.028959     3.21   0.001     11.30828    46.70115
             country12 |  -57.69572   25.35328    -2.28   0.023    -107.3872   -8.004216
             country13 |  -58.07867   23.14175    -2.51   0.012    -103.4357   -12.72167
             country14 |  -62.94071   25.38535    -2.48   0.013    -112.6951   -13.18634
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |  -71.12939   21.99087    -3.23   0.001    -114.2307   -28.02809
             country18 |   42.95028   10.88684     3.95   0.000     21.61246    64.28809
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |   .5273482
----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        154
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =  12.833333
                                                              max =         17
Estimated covariances      =        78          R-squared         =     0.8392
Estimated autocorrelations =         1          Wald chi2(20)     =     839.45
Estimated coefficients     =        21          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   11.36704   10.28329     1.11   0.269     -8.78784    31.52192
                 OC_41 |   .4167747   .1043819     3.99   0.000       .21219    .6213594
                       |
     c.CA_cent#c.OC_41 |  -.7406867   .1849718    -4.00   0.000    -1.103225   -.3781485
                       |
               BA_cbi2 |   5.607733   1.190864     4.71   0.000     3.273682    7.941784
            DA_relprod |  -32.36876   24.82962    -1.30   0.192    -81.03391    16.29639
                DA_pc8 |  -.4059771   .2658901    -1.53   0.127     -.927112    .1151579
               DG_cpi5 |  -.0241167   .1218664    -0.20   0.843    -.2629705    .2147371
           DG_nominal1 |    .477057   .0745829     6.40   0.000     .3308772    .6232368
                       |
                 OB_01 |
De facto crawling peg  |   .2376715   2.044839     0.12   0.907    -3.770139    4.245482
     Managed floating  |  -.1647517   1.650258    -0.10   0.920    -3.399199    3.069695
      Freely floating  |   2.118815    4.23638     0.50   0.617    -6.184338    10.42197
                       |
              country2 |  -1.682262   6.052243    -0.28   0.781    -13.54444    10.17992
              country3 |          0  (omitted)
              country4 |   10.66495     5.8368     1.83   0.068    -.7749627    22.10487
              country5 |  -11.18681   4.208039    -2.66   0.008    -19.43441   -2.939203
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   7.882166   6.238588     1.26   0.206    -4.345241    20.10957
             country11 |   28.21913   6.389727     4.42   0.000      15.6955    40.74277
             country12 |  -7.737555   4.349442    -1.78   0.075     -16.2623    .7871944
             country13 |  -10.02435   5.301558    -1.89   0.059    -20.41521    .3665124
             country14 |          0  (omitted)
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   3.247697   6.669941     0.49   0.626    -9.825147    16.32054
             country18 |   14.84233   6.835829     2.17   0.030     1.444351    28.24031
                 _cons |   40.00606   11.83239     3.38   0.001     16.81501    63.19711
-----------------------+----------------------------------------------------------------
                   rho |    .561135
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_42 |        241    441.6258    1057.761    .482557    6135.72

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        133
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =  11.083333
                                                              max =         13
Estimated covariances      =        78          R-squared         =     0.7706
Estimated autocorrelations =         1          Wald chi2(19)     =    2115.44
Estimated coefficients     =        21          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   29.55644   20.64703     1.43   0.152    -10.91099    70.02388
                 OC_42 |     .01524   .0306071     0.50   0.619    -.0447488    .0752288
                       |
     c.CA_cent#c.OC_42 |  -.0318172   .0538132    -0.59   0.554    -.1372892    .0736548
                       |
               BA_cbi2 |   2.582277   1.890553     1.37   0.172    -1.123138    6.287692
            DA_relprod |   159.6425   52.22888     3.06   0.002     57.27575    262.0092
                DA_pc8 |  -.7243756   .4663191    -1.55   0.120    -1.638344    .1895929
               DG_cpi5 |  -.0012269   .2024398    -0.01   0.995    -.3980015    .3955478
           DG_nominal1 |   .9107299   .1245254     7.31   0.000     .6666646    1.154795
                       |
                 OB_01 |
De facto crawling peg  |  -19.17939   13.27548    -1.44   0.149    -45.19885    6.840065
     Managed floating  |   .8890216   4.221346     0.21   0.833    -7.384665    9.162708
      Freely floating  |  -58.90597   26.16462    -2.25   0.024    -110.1877   -7.624266
                       |
              country2 |  -63.90736   36.42869    -1.75   0.079    -135.3063    7.491554
              country3 |          0  (omitted)
              country4 |  -18.07868   25.39284    -0.71   0.476    -67.84773    31.69036
              country5 |  -44.47582   24.81177    -1.79   0.073    -93.10599    4.154348
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |  -50.34698   28.59431    -1.76   0.078    -106.3908    5.696836
             country11 |   24.60756   9.786102     2.51   0.012     5.427149    43.78796
             country12 |   -52.0039   25.80549    -2.02   0.044    -102.5817   -1.426063
             country13 |  -52.60367   23.58952    -2.23   0.026    -98.83829    -6.36905
             country14 |   -60.2313   25.46505    -2.37   0.018    -110.1419   -10.32071
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |  -65.68564   22.62381    -2.90   0.004    -110.0275   -21.34379
             country18 |   46.78126   11.97888     3.91   0.000     23.30308    70.25943
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |   .5765054
----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        154
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =  12.833333
                                                              max =         17
Estimated covariances      =        78          R-squared         =     0.8544
Estimated autocorrelations =         1          Wald chi2(21)     =   71602.51
Estimated coefficients     =        21          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
               CA_cent |   11.44486   10.60538     1.08   0.281    -9.341301    32.23103
                 OC_42 |    .033536   .0151038     2.22   0.026     .0039332    .0631389
                       |
     c.CA_cent#c.OC_42 |  -.0590676   .0261803    -2.26   0.024      -.11038   -.0077553
                       |
               BA_cbi2 |   5.602816   1.245742     4.50   0.000     3.161207    8.044425
            DA_relprod |    -35.423    25.5991    -1.38   0.166    -85.59631     14.7503
                DA_pc8 |  -.2838526   .2778425    -1.02   0.307    -.8284139    .2607087
               DG_cpi5 |  -.0844011   .1126487    -0.75   0.454    -.3051885    .1363863
           DG_nominal1 |   .5244877   .0788447     6.65   0.000      .369955    .6790204
                       |
                 OB_01 |
De facto crawling peg  |   .3878528   1.948493     0.20   0.842    -3.431123    4.206828
     Managed floating  |  -.4484401   1.480309    -0.30   0.762    -3.349793    2.452913
      Freely floating  |   38.56785   11.34681     3.40   0.001     16.32852    60.80718
                       |
              country2 |   34.40745   14.73477     2.34   0.020     5.527839    63.28706
              country3 |          0  (omitted)
              country4 |   52.36249    10.7468     4.87   0.000     31.29915    73.42583
              country5 |   25.02308   11.42135     2.19   0.028     2.637644    47.40852
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   44.05493   12.68344     3.47   0.001     19.19584    68.91402
             country11 |    29.4865   6.834711     4.31   0.000     16.09071    42.88229
             country12 |   28.58193   11.53768     2.48   0.013     5.968489    51.19537
             country13 |   27.17749   10.92268     2.49   0.013     5.769425    48.58555
             country14 |    34.7914   11.81142     2.95   0.003     11.64143    57.94136
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   41.13415   10.59005     3.88   0.000     20.37802    61.89027
             country18 |   19.43705   7.412664     2.62   0.009     4.908494     33.9656
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |   .6358232
----------------------------------------------------------------------------------------

. 
.         
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Table J
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach NTR of varlist BB_dunning2 BB_oil2 BB_wdi6 OC_41 OC_42 {
  2. 
. sum `NTR'
  3. local min3 = round(r(min),10)
  4. local max3 = round(r(max),10)
  5. local step3 = (`max3' - `min3')/10
  6. global reer_ineq_reg1 "xtpcse c.DG_reer2 c.$IN##c.`NTR' $controls_reer   , pairwise corre
> lation(ar1)"
  7. global reer_ineq_reg2 "xtpcse c.DG_reer1 c.$IN##c.`NTR' $controls_reer   , pairwise corre
> lation(ar1)"
  8. 
. forvalues x=1/2 {
  9.         capture noisily ${reer_ineq_reg`x'} 
 10.         }
 11. }

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
 BB_dunning2 |        756    100.4157     265.054          0   2759.885
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        145
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  9.6666667
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8458
Estimated autocorrelations =         1          Wald chi2(21)     =   11205.60
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -340.3322    121.233    -2.81   0.005    -577.9447   -102.7198
             BB_dunning2 |  -.1586426   .0493003    -3.22   0.001    -.2552694   -.0620158
                         |
c.CC_gini3#c.BB_dunning2 |   .6190606   .2136238     2.90   0.004     .2003655    1.037756
                         |
                 BA_cbi2 |   .5014197   2.338762     0.21   0.830    -4.082469    5.085308
              DA_relprod |   92.85676   47.19662     1.97   0.049     .3530775    185.3604
                  DA_pc8 |   -.830641    .471886    -1.76   0.078    -1.755521    .0942385
                 DG_cpi5 |   .0733087    .188322     0.39   0.697    -.2957957    .4424131
             DG_nominal1 |   .9906605   .1140882     8.68   0.000     .7670517    1.214269
                         |
                   OB_01 |
  De facto crawling peg  |  -.2437064   6.649372    -0.04   0.971    -13.27624    12.78882
       Managed floating  |    2.03294   3.105712     0.65   0.513    -4.054143    8.120023
        Freely floating  |   21.74956   10.03772     2.17   0.030     2.076004    41.42313
                         |
                country2 |   20.74499   8.676311     2.39   0.017     3.739731    37.75025
                country3 |   29.27408   10.68245     2.74   0.006     8.336875    50.21129
                country4 |   26.67704   8.855308     3.01   0.003     9.320954    44.03312
                country5 |          0  (omitted)
                country6 |   31.27002   10.15188     3.08   0.002     11.37269    51.16734
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   23.33122   15.17662     1.54   0.124    -6.414399    53.07685
               country11 |    42.1465   8.908938     4.73   0.000      24.6853     59.6077
               country12 |   28.60833   8.307807     3.44   0.001     12.32533    44.89133
               country13 |   30.79443   13.11353     2.35   0.019      5.09238    56.49649
               country14 |   2.061048   8.901755     0.23   0.817    -15.38607    19.50817
               country15 |   38.54866   11.87065     3.25   0.001     15.28261     61.8147
               country16 |          0  (omitted)
               country17 |   28.11258   16.78645     1.67   0.094    -4.788251    61.01341
               country18 |   43.71504   11.92787     3.66   0.000     20.33685    67.09323
                   _cons |   45.69873   38.35612     1.19   0.233    -29.47789    120.8753
-------------------------+----------------------------------------------------------------
                     rho |   .5334792
------------------------------------------------------------------------------------------
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        170
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  11.333333
                                                              max =         22
Estimated covariances      =       120          R-squared         =     0.8582
Estimated autocorrelations =         1          Wald chi2(19)     =    2048.69
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -240.2938   62.66885    -3.83   0.000    -363.1225   -117.4651
             BB_dunning2 |  -.1442581   .0268084    -5.38   0.000    -.1968017   -.0917145
                         |
c.CC_gini3#c.BB_dunning2 |   .5963969   .1138986     5.24   0.000     .3731597     .819634
                         |
                 BA_cbi2 |   23.22394   4.536509     5.12   0.000     14.33254    32.11533
              DA_relprod |  -19.69655   20.09632    -0.98   0.327    -59.08462    19.69152
                  DA_pc8 |  -.0592555    .251711    -0.24   0.814       -.5526     .434089
                 DG_cpi5 |  -.2136461   .1195442    -1.79   0.074    -.4479483    .0206562
             DG_nominal1 |   .5959328   .0735528     8.10   0.000      .451772    .7400936
                         |
                   OB_01 |
  De facto crawling peg  |    4.94092   2.275872     2.17   0.030     .4802926    9.401548
       Managed floating  |  -4.121104   1.753488    -2.35   0.019    -7.557878   -.6843309
        Freely floating  |   84.96528   17.79882     4.77   0.000     50.08024    119.8503
                         |
                country2 |   37.67991   6.330472     5.95   0.000     25.27241    50.08741
                country3 |   48.26905   8.850147     5.45   0.000     30.92308    65.61502
                country4 |   82.64452   17.80502     4.64   0.000     47.74732    117.5417
                country5 |          0  (omitted)
                country6 |   41.50509   7.181565     5.78   0.000     27.42948     55.5807
                country7 |          0  (omitted)
                country8 |  -77.91899   19.55933    -3.98   0.000    -116.2546    -39.5834
                country9 |          0  (omitted)
               country10 |   73.83026   15.87253     4.65   0.000     42.72068    104.9399
               country11 |  -1.156059   10.30139    -0.11   0.911    -21.34641    19.03429
               country12 |   17.70963   3.612335     4.90   0.000     10.62959    24.78968
               country13 |   46.11164   11.25109     4.10   0.000     24.05991    68.16338
               country14 |    59.0029   11.30923     5.22   0.000      36.8372    81.16859
               country15 |   65.92894   9.795485     6.73   0.000     46.73014    85.12774
               country16 |          0  (omitted)
               country17 |   83.30642   17.70553     4.71   0.000     48.60421    118.0086
               country18 |  -24.88868   10.08365    -2.47   0.014    -44.65227   -5.125082
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .5104572
------------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_oil2 |        720     6.59739    10.54686      .0431   67.87345

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        141
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  10.071429
                                                              max =         13
Estimated covariances      =       105          R-squared         =     0.8346
Estimated autocorrelations =         1          Wald chi2(22)     =    4019.68
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -348.4133   134.6785    -2.59   0.010    -612.3784   -84.44822
               BB_oil2 |  -4.449801   .7728045    -5.76   0.000     -5.96447   -2.935132
                       |
  c.CC_gini3#c.BB_oil2 |   17.14596   3.567762     4.81   0.000     10.15327    24.13864
                       |
               BA_cbi2 |   3.680038   2.986256     1.23   0.218    -2.172917    9.532992
            DA_relprod |   93.92283   48.52326     1.94   0.053       -1.181    189.0267
                DA_pc8 |  -.8608213   .4659662    -1.85   0.065    -1.774098    .0524558
               DG_cpi5 |   .1015749    .190836     0.53   0.595    -.2724568    .4756066
           DG_nominal1 |   .9857047   .1217624     8.10   0.000     .7470547    1.224355
                       |
                 OB_01 |
De facto crawling peg  |  -.4963167   6.626636    -0.07   0.940    -13.48429    12.49165
     Managed floating  |   1.432021   2.951689     0.49   0.628    -4.353183    7.217225
      Freely floating  |   5.938871   14.29077     0.42   0.678    -22.07052    33.94826
                       |
              country2 |   11.49697   16.35072     0.70   0.482    -20.54984    43.54378
              country3 |          0  (omitted)
              country4 |   30.07364   19.25427     1.56   0.118    -7.664037    67.81131
              country5 |  -11.12346    15.5535    -0.72   0.475    -41.60775    19.36083
              country6 |    23.6895    17.0257     1.39   0.164    -9.680265    57.05926
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   16.24141   23.12846     0.70   0.483    -29.08955    61.57236
             country11 |    48.3184   10.66788     4.53   0.000     27.40974    69.22706
             country12 |    15.1586   12.74715     1.19   0.234    -9.825353    40.14255
             country13 |   23.46102   19.63229     1.20   0.232    -15.01756     61.9396
             country14 |          0  (omitted)
             country15 |   34.96311   17.63699     1.98   0.047     .3952495    69.53097
             country16 |          0  (omitted)
             country17 |     16.615    21.9053     0.76   0.448    -26.31859     59.5486
             country18 |   66.74239   13.05803     5.11   0.000     41.14912    92.33567
                 _cons |   47.65883   48.25344     0.99   0.323    -46.91618    142.2338
-----------------------+----------------------------------------------------------------
                   rho |   .5756679
----------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country3 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        166
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  11.857143
                                                              max =         22
Estimated covariances      =       105          R-squared         =     0.8466
Estimated autocorrelations =         1          Wald chi2(22)     =    3457.71
Estimated coefficients     =        23          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |     -232.2   75.89109    -3.06   0.002    -380.9438   -83.45624
               BB_oil2 |  -2.497176   .9049551    -2.76   0.006    -4.270855   -.7234967
                       |
  c.CC_gini3#c.BB_oil2 |   10.86004   3.518697     3.09   0.002     3.963521    17.75656
                       |
               BA_cbi2 |   6.342065   1.766836     3.59   0.000      2.87913    9.804999
            DA_relprod |   -5.79273   22.06872    -0.26   0.793    -49.04663    37.46117
                DA_pc8 |  -.2206657   .2713184    -0.81   0.416      -.75244    .3111086
               DG_cpi5 |  -.0826869   .1141563    -0.72   0.469    -.3064291    .1410553
           DG_nominal1 |   .5762596   .0817877     7.05   0.000     .4159586    .7365606
                       |
                 OB_01 |
De facto crawling peg  |   3.143265   2.435259     1.29   0.197    -1.629755    7.916285
     Managed floating  |  -4.394389   1.164241    -3.77   0.000    -6.676258   -2.112519
      Freely floating  |   85.48019   26.57282     3.22   0.001     33.39843    137.5619
                       |
              country2 |   83.62161   23.64694     3.54   0.000     37.27447    129.9688
              country3 |          0  (omitted)
              country4 |   106.9126   25.93121     4.12   0.000     56.08832    157.7368
              country5 |   65.60604   23.20726     2.83   0.005     20.12066    111.0914
              country6 |    87.4728   24.12943     3.63   0.000     40.17999    134.7656
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   101.8454   29.66012     3.43   0.001      43.7126    159.9782
             country11 |   41.49255   6.852456     6.06   0.000     28.06198    54.92312
             country12 |   78.19858   26.38137     2.96   0.003     26.49205    129.9051
             country13 |   93.32738    29.2435     3.19   0.001     36.01118    150.6436
             country14 |   82.24359   27.98965     2.94   0.003     27.38488    137.1023
             country15 |   96.45018   22.22214     4.34   0.000     52.89559    140.0048
             country16 |          0  (omitted)
             country17 |   107.4243    31.1843     3.44   0.001     46.30415    168.5444
             country18 |     40.904   8.083458     5.06   0.000     25.06071    56.74728
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |   .5621027
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
     BB_wdi6 |        703    .8306209    2.115902          0   15.63309
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        145
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  9.6666667
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8473
Estimated autocorrelations =         1          Wald chi2(23)     =    5437.62
Estimated coefficients     =        24          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -340.2185   128.8547    -2.64   0.008    -592.7691   -87.66798
               BB_wdi6 |  -28.93649   6.701128    -4.32   0.000    -42.07046   -15.80252
                       |
  c.CC_gini3#c.BB_wdi6 |   114.9739    28.6326     4.02   0.000     58.85503    171.0928
                       |
               BA_cbi2 |   .6761918   2.379207     0.28   0.776    -3.986969    5.339352
            DA_relprod |   91.58279   47.61755     1.92   0.054    -1.745891    184.9115
                DA_pc8 |  -.9290616   .4689485    -1.98   0.048    -1.848184   -.0099394
               DG_cpi5 |   .0716034   .1866529     0.38   0.701    -.2942295    .4374363
           DG_nominal1 |   .9940274   .1145134     8.68   0.000     .7695853     1.21847
                       |
                 OB_01 |
De facto crawling peg  |   -.886514   6.530306    -0.14   0.892    -13.68568    11.91265
     Managed floating  |   .2969017   3.123758     0.10   0.924    -5.825552    6.419355
      Freely floating  |   20.01084   10.39918     1.92   0.054    -.3711775    40.39287
                       |
              country2 |   19.31158   8.607991     2.24   0.025     2.440229    36.18293
              country3 |   27.80918   11.04411     2.52   0.012     6.163125    49.45524
              country4 |   31.30484   8.390632     3.73   0.000     14.85951    47.75018
              country5 |          0  (omitted)
              country6 |   30.41223   10.27877     2.96   0.003     10.26622    50.55824
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   23.04423   15.52372     1.48   0.138    -7.381701    53.47016
             country11 |   42.72441   9.152949     4.67   0.000     24.78495    60.66386
             country12 |    27.6092   8.664512     3.19   0.001     10.62707    44.59133
             country13 |   31.45878   13.65064     2.30   0.021     4.704026    58.21354
             country14 |  -1.092261   10.23742    -0.11   0.915    -21.15724    18.97272
             country15 |   39.03179   11.75066     3.32   0.001     16.00093    62.06265
             country16 |          0  (omitted)
             country17 |   20.80815   17.41781     1.19   0.232    -13.33014    54.94644
             country18 |   57.08822   10.83411     5.27   0.000     35.85376    78.32268
                 _cons |   46.77904   39.42991     1.19   0.235    -30.50217    124.0602
-----------------------+----------------------------------------------------------------
                   rho |   .5631406
----------------------------------------------------------------------------------------
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        170
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  11.333333
                                                              max =         22
Estimated covariances      =       120          R-squared         =     0.8285
Estimated autocorrelations =         1          Wald chi2(18)     =    2699.35
Estimated coefficients     =        24          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -239.2746   63.20274    -3.79   0.000    -363.1497   -115.3996
               BB_wdi6 |   -18.7031   4.999868    -3.74   0.000    -28.50266   -8.903536
                       |
  c.CC_gini3#c.BB_wdi6 |     75.755   20.49335     3.70   0.000     35.58877    115.9212
                       |
               BA_cbi2 |   3.309734   1.180655     2.80   0.005     .9956919    5.623776
            DA_relprod |  -15.45334   20.83586    -0.74   0.458    -56.29088    25.38421
                DA_pc8 |  -.1595617   .2820696    -0.57   0.572    -.7124081    .3932846
               DG_cpi5 |  -.2159897   .1199351    -1.80   0.072    -.4510582    .0190788
           DG_nominal1 |   .5795099   .0767822     7.55   0.000     .4290197    .7300002
                       |
                 OB_01 |
De facto crawling peg  |   4.829174   2.190743     2.20   0.027     .5353975    9.122951
     Managed floating  |  -5.601835   1.612775    -3.47   0.001    -8.762817   -2.440854
      Freely floating  |   5.183372    6.76632     0.77   0.444    -8.078372    18.44512
                       |
              country2 |  -3.835259   6.024265    -0.64   0.524     -15.6426    7.972083
              country3 |   6.892535   6.901658     1.00   0.318    -6.634466    20.41954
              country4 |   13.34136   5.965325     2.24   0.025     1.649534    25.03318
              country5 |  -20.66971   6.237084    -3.31   0.001    -32.89417   -8.445247
              country6 |  -.2571617   6.286735    -0.04   0.967    -12.57894    12.06461
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |    12.6982   9.117207     1.39   0.164    -5.171193     30.5676
             country11 |   36.33849   5.516247     6.59   0.000     25.52685    47.15014
             country12 |  -2.189615   6.693915    -0.33   0.744    -15.30945    10.93022
             country13 |   8.008534   8.937307     0.90   0.370    -9.508266    25.52533
             country14 |          0  (omitted)
             country15 |      6.024   6.321683     0.95   0.341     -6.36627    18.41427
             country16 |          0  (omitted)
             country17 |   19.76682   9.259596     2.13   0.033      1.61835     37.9153
             country18 |   30.51685   6.295049     4.85   0.000     18.17878    42.85491
                 _cons |   101.4844   20.80194     4.88   0.000     60.71335    142.2554
-----------------------+----------------------------------------------------------------
                   rho |   .4826595
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_41 |        254    48.78192    112.7198    .041802   688.8552
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        125
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  10.416667
                                                              max =         13
Estimated covariances      =        78          R-squared         =     0.7784
Estimated autocorrelations =         1          Wald chi2(20)     =   75914.58
Estimated coefficients     =        20          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -269.9654   121.8676    -2.22   0.027    -508.8215   -31.10938
                 OC_41 |  -.6879517   .1487584    -4.62   0.000    -.9795129   -.3963905
                       |
    c.CC_gini3#c.OC_41 |   2.856586   .6558263     4.36   0.000      1.57119    4.141982
                       |
               BA_cbi2 |   .5146626   2.395279     0.21   0.830    -4.179999    5.209324
            DA_relprod |   132.5533   58.42715     2.27   0.023     18.03816    247.0684
                DA_pc8 |  -.7267518   .4738171    -1.53   0.125    -1.655416    .2019126
               DG_cpi5 |    .061971   .1828889     0.34   0.735    -.2964847    .4204267
           DG_nominal1 |   .9250432   .1238509     7.47   0.000     .6822998    1.167787
                       |
                 OB_01 |
De facto crawling peg  |   50.52971   42.98112     1.18   0.240    -33.71173    134.7711
     Managed floating  |   1.736129   5.042579     0.34   0.731    -8.147145     11.6194
      Freely floating  |   43.75224    44.9234     0.97   0.330      -44.296    131.8005
                       |
              country2 |   42.59477   41.16779     1.03   0.301    -38.09262    123.2822
              country3 |          0  (omitted)
              country4 |          0  (omitted)
              country5 |   -24.2835   8.469648    -2.87   0.004     -40.8837   -7.683293
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |  -11.98155   9.974784    -1.20   0.230    -31.53177    7.568665
             country11 |   31.03203   11.00584     2.82   0.005     9.460977    52.60309
             country12 |   51.12241   42.96435     1.19   0.234    -33.08616     135.331
             country13 |   50.12892   47.80182     1.05   0.294    -43.56092    143.8188
             country14 |   18.61584   36.74175     0.51   0.612    -53.39665    90.62834
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   41.77453   52.67258     0.79   0.428    -61.46182    145.0109
             country18 |   49.16001   10.63006     4.62   0.000     28.32547    69.99454
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |   .5383555
----------------------------------------------------------------------------------------
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        134
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  11.166667
                                                              max =         17
Estimated covariances      =        78          R-squared         =     0.7371
Estimated autocorrelations =         1          Wald chi2(19)     =    1227.75
Estimated coefficients     =        21          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -136.0428   61.22545    -2.22   0.026    -256.0425    -16.0431
                 OC_41 |  -.5316176   .1233551    -4.31   0.000    -.7733892    -.289846
                       |
    c.CC_gini3#c.OC_41 |   2.376188   .5381352     4.42   0.000     1.321463    3.430914
                       |
               BA_cbi2 |   3.064873   1.389055     2.21   0.027     .3423756     5.78737
            DA_relprod |   28.03314   30.88456     0.91   0.364    -32.49948    88.56576
                DA_pc8 |  -.5061038   .3375469    -1.50   0.134    -1.167684     .155476
               DG_cpi5 |  -.0961899   .1312789    -0.73   0.464    -.3534919     .161112
           DG_nominal1 |   .4461423   .0898021     4.97   0.000     .2701335    .6221511
                       |
                 OB_01 |
De facto crawling peg  |   3.231966    2.51024     1.29   0.198    -1.688015    8.151946
     Managed floating  |   -3.98545   2.213541    -1.80   0.072    -8.323909      .35301
      Freely floating  |   78.69788   25.18111     3.13   0.002     29.34382    128.0519
                       |
              country2 |   72.70411   23.43178     3.10   0.002     26.77867    118.6295
              country3 |          0  (omitted)
              country4 |   83.92003   25.25407     3.32   0.001     34.42296    133.4171
              country5 |   61.82497   21.85856     2.83   0.005     18.98298     104.667
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   81.26921   29.81552     2.73   0.006     22.83186    139.7066
             country11 |   24.73306   6.238531     3.96   0.000     12.50577    36.96036
             country12 |   71.84322   24.06346     2.99   0.003      24.6797    119.0067
             country13 |   74.67499   27.34746     2.73   0.006     21.07496     128.275
             country14 |   61.07727   22.17221     2.75   0.006     17.62053     104.534
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   85.44868   30.09182     2.84   0.005     26.46979    144.4276
             country18 |   20.47355   6.139456     3.33   0.001     8.440436    32.50666
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |    .367787
----------------------------------------------------------------------------------------

    Variable |        Obs        Mean    Std. Dev.       Min        Max
-------------+---------------------------------------------------------
       OC_42 |        241    441.6258    1057.761    .482557    6135.72
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        125
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  10.416667
                                                              max =         13
Estimated covariances      =        78          R-squared         =     0.7732
Estimated autocorrelations =         1          Wald chi2(20)     =   44278.94
Estimated coefficients     =        20          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -273.8959    124.539    -2.20   0.028    -517.9878   -29.80401
                 OC_42 |   -.058966   .0152117    -3.88   0.000    -.0887803   -.0291517
                       |
    c.CC_gini3#c.OC_42 |   .2305599   .0636334     3.62   0.000     .1058406    .3552791
                       |
               BA_cbi2 |   .6283129   2.346113     0.27   0.789    -3.969984    5.226609
            DA_relprod |   132.1521   58.67705     2.25   0.024     17.14714     247.157
                DA_pc8 |  -.5844085   .5049144    -1.16   0.247    -1.574023    .4052056
               DG_cpi5 |   .0271179   .1802551     0.15   0.880    -.3261757    .3804115
           DG_nominal1 |   .9117645   .1286617     7.09   0.000     .6595923    1.163937
                       |
                 OB_01 |
De facto crawling peg  |   57.60052   43.74747     1.32   0.188    -28.14295     143.344
     Managed floating  |   .9560439   3.904797     0.24   0.807    -6.697218    8.609306
      Freely floating  |   45.73648   45.33455     1.01   0.313    -43.11762    134.5906
                       |
              country2 |   44.42784   41.49789     1.07   0.284    -36.90653    125.7622
              country3 |          0  (omitted)
              country4 |          0  (omitted)
              country5 |  -29.34209   9.145797    -3.21   0.001    -47.26752   -11.41666
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   -16.3398   9.920685    -1.65   0.100    -35.78398     3.10439
             country11 |    30.5156   11.09239     2.75   0.006      8.77491    52.25628
             country12 |    53.0616   43.46734     1.22   0.222    -32.13282     138.256
             country13 |   53.59937   48.64649     1.10   0.271      -41.746    148.9447
             country14 |   32.15578   38.04574     0.85   0.398     -42.4125    106.7241
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   46.22537   53.42776     0.87   0.387    -58.49111    150.9418
             country18 |   53.55132   11.11009     4.82   0.000     31.77593     75.3267
                 _cons |          0  (omitted)
-----------------------+----------------------------------------------------------------
                   rho |   .5605862
----------------------------------------------------------------------------------------
note: country3 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        134
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  11.166667
                                                              max =         17
Estimated covariances      =        78          R-squared         =     0.8074
Estimated autocorrelations =         1          Wald chi2(20)     =    2057.22
Estimated coefficients     =        21          Prob > chi2       =     0.0000

----------------------------------------------------------------------------------------
                       |           Panel-corrected
              DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------------+----------------------------------------------------------------
              CC_gini3 |  -134.2637   71.61733    -1.87   0.061    -274.6311    6.103696
                 OC_42 |  -.0315675   .0130358    -2.42   0.015    -.0571173   -.0060177
                       |
    c.CC_gini3#c.OC_42 |   .1311293   .0542734     2.42   0.016     .0247553    .2375032
                       |
               BA_cbi2 |   2.984758   1.386248     2.15   0.031     .2677627    5.701754
            DA_relprod |    24.1203    33.8493     0.71   0.476     -42.2231     90.4637
                DA_pc8 |  -.3715803   .3605341    -1.03   0.303    -1.078214    .3350536
               DG_cpi5 |  -.0905643   .1118906    -0.81   0.418    -.3098658    .1287372
           DG_nominal1 |   .5309503   .0960666     5.53   0.000     .3426632    .7192373
                       |
                 OB_01 |
De facto crawling peg  |   3.205992   2.307082     1.39   0.165    -1.315805    7.727789
     Managed floating  |  -3.830471   1.572419    -2.44   0.015    -6.912355   -.7485865
      Freely floating  |   16.68828   5.577773     2.99   0.003     5.756049    27.62052
                       |
              country2 |    10.5995   4.582833     2.31   0.021     1.617314    19.58169
              country3 |          0  (omitted)
              country4 |   28.01685   6.900827     4.06   0.000     14.49148    41.54223
              country5 |          0  (omitted)
              country6 |          0  (omitted)
              country7 |          0  (omitted)
              country8 |          0  (omitted)
              country9 |          0  (omitted)
             country10 |   18.57973   10.25445     1.81   0.070    -1.518635    38.67809
             country11 |   26.40171   7.181672     3.68   0.000     12.32589    40.47753
             country12 |   9.970629   4.059693     2.46   0.014     2.013776    17.92748
             country13 |   13.74259   8.551822     1.61   0.108    -3.018678    30.50385
             country14 |   14.19064   5.941521     2.39   0.017     2.545469     25.8358
             country15 |          0  (omitted)
             country16 |          0  (omitted)
             country17 |   25.65501   11.61221     2.21   0.027     2.895496    48.41452
             country18 |   27.27834   7.224871     3.78   0.000     13.11785    41.43882
                 _cons |   54.77536   24.72014     2.22   0.027     6.324773    103.2259
-----------------------+----------------------------------------------------------------
                   rho |   .5265281
----------------------------------------------------------------------------------------

. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables K 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach WC of varlist CA_cent BA_hall1 {
  2. 
. capture xtpcse c.DB_exports_clean5 c.`WC'##c.$NTR $controls_exports , pairwise correlation(a
> r1)
  3. estimates store E_wages_A1_`WC'
  4. 
. capture xtpcse c.DB_exports_clean6 c.`WC'##c.$NTR $controls_exports , pairwise correlation(a
> r1)
  5. estimates store E_wages_A2_`WC'
  6. 
. capture xtpcse c.DB_manu1 c.`WC'##c.$NTR $controls_exports , pairwise correlation(ar1)
  7. estimates store E_wages_A3_`WC'
  8. 
. } 

. 
. 
. foreach IN of varlist CC_gini3 CC_sidd1 {
  2. 
. capture xtpcse c.DB_exports_clean5 c.`IN'##c.$NTR $controls_exports , pairwise correlation(a
> r1)
  3. estimates store E_ineq_A1_`IN'
  4. 
. capture xtpcse c.DB_exports_clean6 c.`IN'##c.$NTR $controls_exports , pairwise correlation(a
> r1)
  5. estimates store E_ineq_A2_`IN'
  6. 
. capture xtpcse c.DB_manu1 c.`IN'##c.$NTR $controls_exports , pairwise correlation(ar1)
  7. estimates store E_ineq_A3_`IN'
  8. 
. }

. 
. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables L
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach WC of varlist CA_cent BA_hall1 {
  2. 
. capture xtpcse c.DD_overall3 c.`WC'##c.$NTR $controls_wages , pairwise correlation(ar1)
  3. estimates store E_wages_B1_`WC'
  4. 
. capture xtpcse c.DD_rate1 c.`WC'##c.$NTR $controls_wages , pairwise correlation(ar1)
  5. estimates store E_wages_B2_`WC'
  6. 
. capture xtpcse c.DD_manu1 c.`WC'##c.$NTR $controls_wages , pairwise correlation(ar1)
  7. estimates store E_wages_B3_`WC'
  8. 
. }

. 
. 
. foreach IN of varlist CC_gini3 CC_sidd1 {
  2. 
. capture xtpcse c.DD_overall3 c.`IN'##c.$NTR  $controls_wages  , pairwise correlation(ar1)
  3. estimates store E_ineq_B1_`IN'
  4. 
. capture xtpcse c.DD_rate1 c.`IN'##c.$NTR  $controls_wages , pairwise correlation(ar1)
  5. estimates store E_ineq_B2_`IN'
  6. 
. capture xtpcse c.DD_manu1 c.`IN'##c.$NTR  $controls_wages , pairwise correlation(ar1)
  7. estimates store E_ineq_B3_`IN'
  8. 
. }

. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables M
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach WC of varlist CA_cent BA_hall1 {
  2. 
. capture xtpcse c.DG_reer2 c.`WC'##c.$NTR $controls_reer , pairwise correlation(ar1)
  3. estimates store E_wages_C1_`WC'
  4. 
. capture xtpcse c.DG_reer1 c.`WC'##c.$NTR $controls_reer , pairwise correlation(ar1)
  5. estimates store E_wages_C2_`WC'
  6. 
. }

. 
. 
. foreach IN of varlist CC_gini3 CC_sidd1 {
  2. 
. capture xtpcse c.DG_reer2 c.`IN'##c.$NTR $controls_reer  , pairwise correlation(ar1)
  3. estimates store E_ineq_C1_`IN'
  4. 
. capture xtpcse c.DG_reer1 c.`IN'##c.$NTR $controls_reer , pairwise correlation(ar1)
  5. estimates store E_ineq_C2_`IN'
  6. 
. }

. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables N
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach social of varlist OA_01 OA_04 OA_11 OA_14 OA_21 OA_24 CB_voc8 {
  2. 
. global exports_wage_reg1 "xtpcse c.DB_exports_clean5 c.$WC##c.$NTR $controls_exports `social
> ' , pairwise correlation(ar1)"
  3. global exports_wage_reg2 "xtpcse c.DB_exports_clean6 c.$WC##c.$NTR $controls_exports `soc
> ial' , pairwise correlation(ar1)"
  4. global exports_wage_reg3 "xtpcse c.DB_manu1 c.$WC##c.$NTR $controls_exports `social' , pa
> irwise correlation(ar1)"
  5. 
. forvalues x=1/3 {
  6.         capture noisily ${exports_wage_reg`x'} 
  7.                 }
  8.         }

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        255
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9520
Estimated autocorrelations =         1          Wald chi2(28)     =   39134.11
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |    .216333    3.29224     0.07   0.948    -6.236338    6.669004
            BB_dunning3 |  -.0103275   .0039375    -2.62   0.009    -.0180449   -.0026101
                        |
c.CA_cent#c.BB_dunning3 |   .0206299   .0089544     2.30   0.021     .0030796    .0381802
                        |
                  OB_01 |
 De facto crawling peg  |  -1.391805   .8365266    -1.66   0.096    -3.031367    .2477568
      Managed floating  |   .6483332   1.152269     0.56   0.574    -1.610073    2.906739
       Freely floating  |  -.6000769   1.010317    -0.59   0.553    -2.580261    1.380108
                        |
                 DA_pc8 |   .1541569   .1157626     1.33   0.183    -.0727337    .3810475
              DC_total1 |  -.2204399   .1253968    -1.76   0.079    -.4662131    .0253333
            DD_overall2 |    .116648   .1392435     0.84   0.402    -.1562643    .3895602
               DE_total |   .3416213   .0731178     4.67   0.000     .1983131    .4849296
            DG_nominal1 |  -.1550784   .0157831    -9.83   0.000    -.1860127   -.1241442
               country2 |   29.26363   3.092958     9.46   0.000     23.20155    35.32572
               country3 |   59.56838   2.576782    23.12   0.000     54.51798    64.61878
               country4 |   22.60724   2.576687     8.77   0.000     17.55702    27.65745
               country5 |   30.20223   2.448133    12.34   0.000     25.40398    35.00049
               country6 |   28.53039   2.744663    10.39   0.000     23.15095    33.90983
               country7 |   17.38705     2.7686     6.28   0.000     11.96069     22.8134
               country8 |   17.61746   2.282553     7.72   0.000     13.14374    22.09118
               country9 |   64.30669   2.934912    21.91   0.000     58.55437    70.05902
              country10 |   14.67916   2.376494     6.18   0.000     10.02132      19.337
              country11 |  -6.281091   1.921489    -3.27   0.001    -10.04714   -2.515042
              country12 |   48.74735   2.197983    22.18   0.000     44.43938    53.05531
              country13 |   14.76904   2.923823     5.05   0.000      9.03845    20.49963
              country14 |   21.91218   3.035009     7.22   0.000     15.96368    27.86069
              country15 |   34.41196   3.344154    10.29   0.000     27.85754    40.96639
              country16 |   21.58897   2.020537    10.68   0.000     17.62879    25.54915
              country17 |   11.73627   2.338634     5.02   0.000     7.152627     16.3199
              country18 |  -5.316577   2.220621    -2.39   0.017    -9.668913   -.9642402
                  OA_01 |   -.520615    .158104    -3.29   0.001    -.8304932   -.2107369
                  _cons |   5.320274   5.114893     1.04   0.298    -4.704731    15.34528
------------------------+----------------------------------------------------------------
                    rho |   .5859723
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        255
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9528
Estimated autocorrelations =         1          Wald chi2(28)     =   29742.44
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -.1642524   3.132811    -0.05   0.958     -6.30445    5.975945
            BB_dunning3 |  -.0127942   .0036848    -3.47   0.001    -.0200163   -.0055721
                        |
c.CA_cent#c.BB_dunning3 |   .0232172   .0083204     2.79   0.005     .0069096    .0395248
                        |
                  OB_01 |
 De facto crawling peg  |   -1.34233   .8249057    -1.63   0.104    -2.959116    .2744553
      Managed floating  |   .6218323   1.140183     0.55   0.585    -1.612885     2.85655
       Freely floating  |  -.4455115   1.010942    -0.44   0.659    -2.426921    1.535898
                        |
                 DA_pc8 |   .1318433   .1119789     1.18   0.239    -.0876313    .3513178
              DC_total1 |  -.2419732   .1236378    -1.96   0.050    -.4842988    .0003524
            DD_overall2 |   .1144988   .1381554     0.83   0.407    -.1562808    .3852785
               DE_total |   .3480076   .0726378     4.79   0.000     .2056401    .4903752
            DG_nominal1 |  -.1552532   .0152074   -10.21   0.000    -.1850591   -.1254472
               country2 |   30.45854   3.031252    10.05   0.000      24.5174    36.39969
               country3 |   61.02928   2.585172    23.61   0.000     55.96244    66.09613
               country4 |   22.61514   2.532512     8.93   0.000     17.65151    27.57878
               country5 |   31.33794   2.430314    12.89   0.000     26.57461    36.10126
               country6 |   28.72516   2.699559    10.64   0.000     23.43412     34.0162
               country7 |   18.51865   2.740211     6.76   0.000     13.14793    23.88936
               country8 |   18.69724   2.283963     8.19   0.000     14.22075    23.17372
               country9 |    65.7555   2.954339    22.26   0.000      59.9651     71.5459
              country10 |   15.98492   2.362418     6.77   0.000     11.35467    20.61518
              country11 |  -4.857605   1.952356    -2.49   0.013    -8.684152   -1.031058
              country12 |   48.98939   2.171824    22.56   0.000     44.73269    53.24609
              country13 |   14.38309   2.881662     4.99   0.000     8.735134    20.03104
              country14 |    22.2678   2.940285     7.57   0.000     16.50494    28.03065
              country15 |   34.82241   3.302823    10.54   0.000       28.349    41.29583
              country16 |   22.93377   2.034564    11.27   0.000      18.9461    26.92145
              country17 |   12.90233   2.338996     5.52   0.000     8.317986    17.48668
              country18 |  -3.845027   2.192742    -1.75   0.080    -8.142723    .4526676
                  OA_01 |  -.4867519   .1551617    -3.14   0.002    -.7908631   -.1826406
                  _cons |   3.028697   5.066793     0.60   0.550    -6.902035    12.95943
------------------------+----------------------------------------------------------------
                    rho |   .5999201
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        255
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9681
Estimated autocorrelations =         1          Wald chi2(25)     =   56548.79
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -7.467881   3.709016    -2.01   0.044    -14.73742   -.1983428
            BB_dunning3 |  -.0166115   .0038537    -4.31   0.000    -.0241647   -.0090583
                        |
c.CA_cent#c.BB_dunning3 |   .0256574   .0090815     2.83   0.005     .0078579    .0434568
                        |
                  OB_01 |
 De facto crawling peg  |   -1.52487    .728273    -2.09   0.036    -2.952259   -.0974811
      Managed floating  |  -2.267438   1.282332    -1.77   0.077    -4.780763    .2458875
       Freely floating  |   2.004499   1.670817     1.20   0.230    -1.270242    5.279239
                        |
                 DA_pc8 |   -.026819   .0911857    -0.29   0.769    -.2055396    .1519016
              DC_total1 |  -.3665507   .1350259    -2.71   0.007    -.6311965   -.1019049
            DD_overall2 |   .0974235   .1287893     0.76   0.449     -.154999    .3498459
               DE_total |   .1180736   .0604267     1.95   0.051    -.0003605    .2365077
            DG_nominal1 |   .0227885   .0199303     1.14   0.253    -.0162741    .0618511
               country2 |    62.5688   4.425927    14.14   0.000     53.89415    71.24346
               country3 |   53.35993   2.674609    19.95   0.000     48.11779    58.60206
               country4 |   44.29439    2.77975    15.93   0.000     38.84618     49.7426
               country5 |   37.60269   2.784817    13.50   0.000     32.14455    43.06083
               country6 |   59.73462   2.793738    21.38   0.000     54.25899    65.21024
               country7 |   52.51646   3.154836    16.65   0.000     46.33309    58.69982
               country8 |   58.24414   2.819481    20.66   0.000     52.71806    63.77022
               country9 |   53.44105   2.844687    18.79   0.000     47.86557    59.01654
              country10 |   64.54316   2.736961    23.58   0.000     59.17881     69.9075
              country11 |    66.3656     2.6833    24.73   0.000     61.10643    71.62477
              country12 |   36.42104   3.232467    11.27   0.000     30.08552    42.75656
              country13 |   3.784127   3.424037     1.11   0.269    -2.926862    10.49512
              country14 |   9.622067   3.630097     2.65   0.008     2.507207    16.73693
              country15 |   58.35069   3.751622    15.55   0.000     50.99764    65.70373
              country16 |   65.30369   2.679531    24.37   0.000      60.0519    70.55547
              country17 |    55.1626   3.196909    17.25   0.000     48.89678    61.42843
              country18 |   50.30859   2.498186    20.14   0.000     45.41223    55.20494
                  OA_01 |   .0308375   .1631461     0.19   0.850    -.2889229    .3505979
                  _cons |   16.07507   4.574188     3.51   0.000     7.109824    25.04031
------------------------+----------------------------------------------------------------
                    rho |   .5609783
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        255
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9591
Estimated autocorrelations =         1          Wald chi2(27)     =   26146.11
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -.1734895   3.180638    -0.05   0.957    -6.407425    6.060446
            BB_dunning3 |  -.0112989     .00385    -2.93   0.003    -.0188449    -.003753
                        |
c.CA_cent#c.BB_dunning3 |   .0246907   .0085322     2.89   0.004     .0079678    .0414136
                        |
                  OB_01 |
 De facto crawling peg  |  -1.679204   .8264442    -2.03   0.042    -3.299004   -.0594028
      Managed floating  |   .6435071   1.122172     0.57   0.566    -1.555909    2.842924
       Freely floating  |  -1.096154   .9926513    -1.10   0.269    -3.041714     .849407
                        |
                 DA_pc8 |    .142952   .1119652     1.28   0.202    -.0764957    .3623997
              DC_total1 |   -.274238    .113565    -2.41   0.016    -.4968214   -.0516547
            DD_overall2 |   .5721062   .1917723     2.98   0.003     .1962395     .947973
               DE_total |   .5043793   .0738343     6.83   0.000     .3596667    .6490918
            DG_nominal1 |  -.1766946   .0162659   -10.86   0.000    -.2085752    -.144814
               country2 |   35.71709   3.590614     9.95   0.000     28.67962    42.75457
               country3 |   61.00374   2.386112    25.57   0.000     56.32705    65.68043
               country4 |   23.23178   2.399092     9.68   0.000     18.52964    27.93391
               country5 |   33.34436   2.539815    13.13   0.000     28.36642    38.32231
               country6 |   32.99644   3.119985    10.58   0.000     26.88139     39.1115
               country7 |   19.31274    2.66591     7.24   0.000     14.08765    24.53783
               country8 |    22.1485    2.62595     8.43   0.000     17.00173    27.29526
               country9 |   65.41792   2.686371    24.35   0.000     60.15273    70.68311
              country10 |   18.20048   2.637788     6.90   0.000     13.03051    23.37045
              country11 |  -5.755614   1.954484    -2.94   0.003    -9.586332   -1.924897
              country12 |   49.43416   1.921268    25.73   0.000     45.66855    53.19978
              country13 |   14.74628   2.764813     5.33   0.000     9.327344    20.16521
              country14 |   24.97263    2.96247     8.43   0.000     19.16629    30.77896
              country15 |   40.24744   3.797922    10.60   0.000     32.80365    47.69123
              country16 |   21.72337     1.9635    11.06   0.000     17.87498    25.57176
              country17 |   10.27244   2.180135     4.71   0.000     5.999455    14.54543
              country18 |  -4.736455   2.088435    -2.27   0.023    -8.829712   -.6431971
                  OA_04 |  -.0036034   .0007667    -4.70   0.000    -.0051062   -.0021007
                  _cons |  -13.14498   5.914405    -2.22   0.026      -24.737   -1.552958
------------------------+----------------------------------------------------------------
                    rho |   .5415144
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        255
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9593
Estimated autocorrelations =         1          Wald chi2(28)     =  127922.66
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -.4353241   3.052734    -0.14   0.887    -6.418572    5.547924
            BB_dunning3 |  -.0134921   .0035836    -3.76   0.000    -.0205158   -.0064684
                        |
c.CA_cent#c.BB_dunning3 |   .0265228    .007877     3.37   0.001     .0110841    .0419615
                        |
                  OB_01 |
 De facto crawling peg  |  -1.575881   .8126736    -1.94   0.052    -3.168692      .01693
      Managed floating  |   .6271204   1.116171     0.56   0.574    -1.560534    2.814775
       Freely floating  |  -.8941088   .9964452    -0.90   0.370    -2.847106    1.058888
                        |
                 DA_pc8 |   .1155558   .1080378     1.07   0.285    -.0961944    .3273059
              DC_total1 |  -.2874489    .111896    -2.57   0.010    -.5067611   -.0681367
            DD_overall2 |   .5533871    .185727     2.98   0.003     .1893688    .9174053
               DE_total |   .5072924   .0744399     6.81   0.000     .3613929    .6531919
            DG_nominal1 |  -.1757275   .0159088   -11.05   0.000    -.2069082   -.1445468
               country2 |     36.852    3.49524    10.54   0.000     30.00146    43.70255
               country3 |   62.59045   2.398988    26.09   0.000     57.88852    67.29238
               country4 |   23.18282   2.358268     9.83   0.000      18.5607    27.80494
               country5 |   34.53178   2.485545    13.89   0.000      29.6602    39.40336
               country6 |   33.20628    3.04651    10.90   0.000     27.23523    39.17733
               country7 |   20.61514   2.623258     7.86   0.000     15.47365    25.75663
               country8 |   23.22691    2.58132     9.00   0.000     18.16761     28.2862
               country9 |   66.85949   2.720595    24.58   0.000     61.52723    72.19176
              country10 |   19.46814   2.580871     7.54   0.000     14.40973    24.52656
              country11 |  -4.328675   1.998109    -2.17   0.030    -8.244897   -.4124542
              country12 |    49.8399   1.882858    26.47   0.000     46.14957    53.53024
              country13 |   14.43854   2.724656     5.30   0.000     9.098309    19.77877
              country14 |   25.50479   2.858354     8.92   0.000     19.90252    31.10707
              country15 |   40.71396   3.699172    11.01   0.000     33.46371     47.9642
              country16 |   23.09286   1.986393    11.63   0.000      19.1996    26.98611
              country17 |   11.58027   2.208839     5.24   0.000     7.251024    15.90952
              country18 |  -3.334072   2.077926    -1.60   0.109    -7.406732    .7385877
                  OA_04 |  -.0034877   .0007434    -4.69   0.000    -.0049447   -.0020307
                  _cons |  -14.83311   5.902856    -2.51   0.012    -26.40249   -3.263723
------------------------+----------------------------------------------------------------
                    rho |   .5643968
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        255
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9697
Estimated autocorrelations =         1          Wald chi2(26)     =   80679.66
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -7.720787    3.64911    -2.12   0.034    -14.87291    -.568662
            BB_dunning3 |  -.0165489   .0037333    -4.43   0.000     -.023866   -.0092317
                        |
c.CA_cent#c.BB_dunning3 |   .0257365   .0087463     2.94   0.003      .008594     .042879
                        |
                  OB_01 |
 De facto crawling peg  |  -1.648231   .7424811    -2.22   0.026    -3.103467   -.1929946
      Managed floating  |  -2.562405   1.340172    -1.91   0.056    -5.189095    .0642842
       Freely floating  |   1.707242   1.683698     1.01   0.311    -1.592745    5.007229
                        |
                 DA_pc8 |  -.0705819   .0919758    -0.77   0.443    -.2508512    .1096874
              DC_total1 |  -.2833419   .1171092    -2.42   0.016    -.5128716   -.0538122
            DD_overall2 |   .3152475   .1656057     1.90   0.057    -.0093337    .6398287
               DE_total |   .1805099   .0643931     2.80   0.005     .0543018     .306718
            DG_nominal1 |   .0149405   .0200693     0.74   0.457    -.0243946    .0542757
               country2 |   67.85789   4.477899    15.15   0.000     59.08137    76.63442
               country3 |   55.75819   2.712489    20.56   0.000     50.44181    61.07457
               country4 |   44.77175   2.840933    15.76   0.000     39.20363    50.33988
               country5 |   41.19361   2.951729    13.96   0.000     35.40833    46.97889
               country6 |   63.92634   3.142361    20.34   0.000     57.76742    70.08525
               country7 |   55.81032   3.068081    18.19   0.000     49.79699    61.82365
               country8 |   62.34206   2.749481    22.67   0.000     56.95318    67.73094
               country9 |   53.90192    2.85519    18.88   0.000     48.30585    59.49799
              country10 |   67.39906   2.980104    22.62   0.000     61.55817    73.23996
              country11 |   66.68194   2.750419    24.24   0.000     61.29122    72.07267
              country12 |   38.77032   3.087441    12.56   0.000     32.71905    44.82159
              country13 |   5.309924   3.426073     1.55   0.121    -1.405055     12.0249
              country14 |   13.40387   3.769794     3.56   0.000     6.015215    20.79253
              country15 |   64.73086   4.123695    15.70   0.000     56.64857    72.81315
              country16 |   65.91123   2.760768    23.87   0.000     60.50022    71.32223
              country17 |    55.5004   3.202308    17.33   0.000     49.22399    61.77681
              country18 |   50.16623   2.531299    19.82   0.000     45.20498    55.12749
                  OA_04 |  -.0013939   .0007239    -1.93   0.054    -.0028126    .0000248
                  _cons |   10.87631   5.344187     2.04   0.042     .4018962    21.35073
------------------------+----------------------------------------------------------------
                    rho |    .536756
-----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        256
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.222222
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9481
Estimated autocorrelations =         1          Wald chi2(28)     =  102978.31
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -.2517592   3.404399    -0.07   0.941    -6.924259    6.420741
            BB_dunning3 |  -.0112739   .0039734    -2.84   0.005    -.0190616   -.0034862
                        |
c.CA_cent#c.BB_dunning3 |   .0242397    .008711     2.78   0.005     .0071665    .0413128
                        |
                  OB_01 |
 De facto crawling peg  |  -1.230047    .826907    -1.49   0.137    -2.850755    .3906609
      Managed floating  |   1.143149   1.159526     0.99   0.324     -1.12948    3.415778
       Freely floating  |  -.4303533   1.048914    -0.41   0.682    -2.486186     1.62548
                        |
                 DA_pc8 |   .2211817   .1156601     1.91   0.056     -.005508    .4478714
              DC_total1 |  -.3640313   .1689834    -2.15   0.031    -.6952325     -.03283
            DD_overall2 |   .0299052   .1427608     0.21   0.834    -.2499007    .3097112
               DE_total |   .3363871   .0753333     4.47   0.000     .1887365    .4840376
            DG_nominal1 |  -.1608117   .0159197   -10.10   0.000    -.1920138   -.1296096
               country2 |   23.65215   2.489919     9.50   0.000     18.77199     28.5323
               country3 |   56.06826   2.315066    24.22   0.000     51.53081    60.60571
               country4 |   21.73356   2.603529     8.35   0.000     16.63073    26.83638
               country5 |   26.21532   2.469565    10.62   0.000     21.37507    31.05558
               country6 |   23.44078   2.116094    11.08   0.000     19.29332    27.58825
               country7 |   11.63574    2.03789     5.71   0.000     7.641546    15.62993
               country8 |   12.50213   1.553721     8.05   0.000     9.456896    15.54737
               country9 |   64.62893   3.057794    21.14   0.000     58.63576    70.62209
              country10 |    10.7999   2.176313     4.96   0.000     6.534409     15.0654
              country11 |  -6.616157   1.872334    -3.53   0.000    -10.28587   -2.946449
              country12 |   45.04988   2.048876    21.99   0.000     41.03416    49.06561
              country13 |   11.53539   2.723203     4.24   0.000     6.198011    16.87277
              country14 |   15.94653   2.476349     6.44   0.000     11.09297    20.80008
              country15 |   25.93133   2.061081    12.58   0.000     21.89169    29.97098
              country16 |   20.37679   1.941251    10.50   0.000     16.57201    24.18158
              country17 |   9.432458   2.289385     4.12   0.000     4.945346    13.91957
              country18 |    -5.1093   2.298999    -2.22   0.026    -9.615256   -.6033446
                  OA_11 |   -.519066   .7527774    -0.69   0.490    -1.994483    .9563505
                  _cons |   2.097309   5.260186     0.40   0.690    -8.212467    12.40708
------------------------+----------------------------------------------------------------
                    rho |   .6032977
-----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        256
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.222222
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9493
Estimated autocorrelations =         1          Wald chi2(26)     =   69551.52
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -.7126473   3.210223    -0.22   0.824    -7.004568    5.579274
            BB_dunning3 |  -.0137461    .003749    -3.67   0.000    -.0210941   -.0063981
                        |
c.CA_cent#c.BB_dunning3 |    .026796   .0081475     3.29   0.001     .0108271    .0427649
                        |
                  OB_01 |
 De facto crawling peg  |   -1.20555   .8135737    -1.48   0.138    -2.800125    .3890254
      Managed floating  |   1.071982   1.148282     0.93   0.351    -1.178609    3.322573
       Freely floating  |  -.2558981   1.053738    -0.24   0.808    -2.321187    1.809391
                        |
                 DA_pc8 |   .1952819   .1113527     1.75   0.079    -.0229654    .4135292
              DC_total1 |  -.3915683   .1672984    -2.34   0.019    -.7194671   -.0636694
            DD_overall2 |     .03477   .1417643     0.25   0.806    -.2430829    .3126229
               DE_total |   .3421928   .0742789     4.61   0.000     .1966088    .4877768
            DG_nominal1 |  -.1603978   .0153527   -10.45   0.000    -.1904886    -.130307
               country2 |   25.28466   2.432625    10.39   0.000      20.5168    30.05251
               country3 |   57.67188   2.330117    24.75   0.000     53.10493    62.23882
               country4 |   21.83185   2.573049     8.48   0.000     16.78877    26.87494
               country5 |   27.40749   2.452222    11.18   0.000     22.60123    32.21376
               country6 |   23.93492   2.105467    11.37   0.000     19.80828    28.06156
               country7 |   13.12188   2.027598     6.47   0.000     9.147864     17.0959
               country8 |   13.91563   1.581562     8.80   0.000     10.81583    17.01544
               country9 |   66.13153   3.057765    21.63   0.000     60.13842    72.12464
              country10 |   12.47595   2.183589     5.71   0.000     8.196193     16.7557
              country11 |  -5.201538   1.903604    -2.73   0.006    -8.932533   -1.470543
              country12 |   45.42433   2.006556    22.64   0.000     41.49155    49.35711
              country13 |   11.35702   2.700461     4.21   0.000     6.064212    16.64983
              country14 |   16.63634   2.396576     6.94   0.000     11.93914    21.33354
              country15 |   26.86997   2.087336    12.87   0.000     22.77886    30.96107
              country16 |   21.79484   1.965368    11.09   0.000     17.94279    25.64689
              country17 |   10.79447    2.30894     4.68   0.000      6.26903    15.31991
              country18 |  -3.629644   2.276412    -1.59   0.111    -8.091329    .8320404
                  OA_11 |  -.3928009   .7430423    -0.53   0.597    -1.849137    1.063535
                  _cons |   .0754772   5.176773     0.01   0.988    -10.07081    10.22177
------------------------+----------------------------------------------------------------
                    rho |   .6164513
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        254
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.111111
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9682
Estimated autocorrelations =         1          Wald chi2(26)     =  277122.03
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -7.899182   3.692313    -2.14   0.032    -15.13598   -.6623812
            BB_dunning3 |  -.0164983    .003835    -4.30   0.000    -.0240147   -.0089818
                        |
c.CA_cent#c.BB_dunning3 |   .0253666   .0090096     2.82   0.005      .007708    .0430251
                        |
                  OB_01 |
 De facto crawling peg  |    -1.5398   .7707789    -2.00   0.046    -3.050499   -.0291017
      Managed floating  |  -2.267043    1.31522    -1.72   0.085    -4.844827    .3107399
       Freely floating  |   2.020032   1.737122     1.16   0.245    -1.384664    5.424728
                        |
                 DA_pc8 |  -.0283094   .0890872    -0.32   0.751     -.202917    .1462983
              DC_total1 |   -.376914   .1901982    -1.98   0.048    -.7496956   -.0041324
            DD_overall2 |   .1043831   .1268568     0.82   0.411    -.1442516    .3530179
               DE_total |   .1127212   .0624229     1.81   0.071    -.0096254    .2350679
            DG_nominal1 |   .0233934   .0205034     1.14   0.254    -.0167926    .0635794
               country2 |   63.11581    3.58401    17.61   0.000     56.09128    70.14034
               country3 |   53.39206   2.347243    22.75   0.000     48.79155    57.99257
               country4 |   44.21418   2.797639    15.80   0.000     38.73091    49.69745
               country5 |    37.5441   2.667879    14.07   0.000     32.31515    42.77305
               country6 |   59.86552   2.188989    27.35   0.000     55.57518    64.15586
               country7 |   52.67841   2.491272    21.15   0.000      47.7956    57.56121
               country8 |   58.51212   2.033616    28.77   0.000     54.52631    62.49793
               country9 |   53.68943   2.838162    18.92   0.000     48.12673    59.25212
              country10 |   64.80909   2.797875    23.16   0.000     59.32536    70.29283
              country11 |   66.21118   2.664711    24.85   0.000     60.98844    71.43391
              country12 |   36.47139   2.992194    12.19   0.000      30.6068    42.33598
              country13 |   3.807801   3.306788     1.15   0.250    -2.673385    10.28899
              country14 |   9.874375   3.310559     2.98   0.003     3.385799    16.36295
              country15 |   58.73447    2.69509    21.79   0.000     53.45219    64.01675
              country16 |   65.26438   2.669449    24.45   0.000     60.03235     70.4964
              country17 |   55.12792   3.216176    17.14   0.000     48.82433    61.43151
              country18 |   50.11386   2.500846    20.04   0.000     45.21229    55.01542
                  OA_11 |   .1402061   .8521069     0.16   0.869    -1.529893    1.810305
                  _cons |   16.94612   4.480391     3.78   0.000     8.164712    25.72752
------------------------+----------------------------------------------------------------
                    rho |    .565122
-----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        256
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.222222
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9482
Estimated autocorrelations =         1          Wald chi2(27)     =  105487.37
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -.5477513   3.440907    -0.16   0.874    -7.291806    6.196303
            BB_dunning3 |  -.0111473   .0040247    -2.77   0.006    -.0190355   -.0032591
                        |
c.CA_cent#c.BB_dunning3 |   .0240517   .0088041     2.73   0.006     .0067959    .0413075
                        |
                  OB_01 |
 De facto crawling peg  |  -1.324289   .8097641    -1.64   0.102    -2.911397      .26282
      Managed floating  |   1.208932   1.173029     1.03   0.303    -1.090164    3.508027
       Freely floating  |  -.2138438    1.10618    -0.19   0.847    -2.381918     1.95423
                        |
                 DA_pc8 |   .2311509   .1154568     2.00   0.045     .0048598    .4574419
              DC_total1 |  -.4813407   .1466343    -3.28   0.001    -.7687386   -.1939428
            DD_overall2 |    .012373   .1410685     0.09   0.930    -.2641162    .2888622
               DE_total |   .3384896    .074095     4.57   0.000     .1932659    .4837132
            DG_nominal1 |  -.1580609   .0169286    -9.34   0.000    -.1912402   -.1248815
               country2 |   23.69463   2.526193     9.38   0.000     18.74338    28.64588
               country3 |   55.34174   2.316374    23.89   0.000     50.80173    59.88176
               country4 |   21.81623   2.649652     8.23   0.000     16.62301    27.00946
               country5 |    24.4246   2.467132     9.90   0.000     19.58911     29.2601
               country6 |   22.91928   2.084814    10.99   0.000     18.83312    27.00544
               country7 |    11.5168   2.048831     5.62   0.000     7.501164    15.53243
               country8 |   12.32386   1.562809     7.89   0.000     9.260815    15.38691
               country9 |   64.79673   3.044486    21.28   0.000     58.82964    70.76381
              country10 |   11.48686   2.166354     5.30   0.000     7.240886    15.73284
              country11 |  -6.784267   1.860917    -3.65   0.000     -10.4316   -3.136937
              country12 |   44.12586   1.963673    22.47   0.000     40.27713    47.97459
              country13 |   11.18676   2.701119     4.14   0.000     5.892663    16.48085
              country14 |   15.73899   2.476377     6.36   0.000     10.88538     20.5926
              country15 |   25.31917   2.111486    11.99   0.000     21.18073     29.4576
              country16 |   20.31055   1.971049    10.30   0.000     16.44736    24.17373
              country17 |   9.790901   2.368987     4.13   0.000     5.147772    14.43403
              country18 |  -4.900312   2.368117    -2.07   0.039    -9.541735   -.2588882
                  OA_14 |   .0010431    .003542     0.29   0.768    -.0058991    .0079852
                  _cons |   2.112273   5.125981     0.41   0.680    -7.934466    12.15901
------------------------+----------------------------------------------------------------
                    rho |   .6024178
-----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        256
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.222222
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9493
Estimated autocorrelations =         1          Wald chi2(27)     =   72635.59
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -.9696038   3.222148    -0.30   0.763    -7.284898    5.345691
            BB_dunning3 |  -.0136293   .0037883    -3.60   0.000    -.0210542   -.0062044
                        |
c.CA_cent#c.BB_dunning3 |   .0266139   .0082198     3.24   0.001     .0105034    .0427245
                        |
                  OB_01 |
 De facto crawling peg  |   -1.28122   .7978337    -1.61   0.108    -2.844945    .2825055
      Managed floating  |   1.141404   1.161996     0.98   0.326    -1.136066    3.418875
       Freely floating  |  -.0667105    1.10309    -0.06   0.952    -2.228727    2.095306
                        |
                 DA_pc8 |   .2034464   .1113677     1.83   0.068    -.0148302     .421723
              DC_total1 |  -.4906881   .1440986    -3.41   0.001    -.7731162     -.20826
            DD_overall2 |   .0178838   .1407541     0.13   0.899    -.2579892    .2937568
               DE_total |   .3431428   .0728328     4.71   0.000      .200393    .4858925
            DG_nominal1 |  -.1579336    .016298    -9.69   0.000    -.1898772     -.12599
               country2 |   25.31665   2.463358    10.28   0.000     20.48855    30.14474
               country3 |   57.04585   2.329047    24.49   0.000       52.481    61.61069
               country4 |   21.89771   2.606483     8.40   0.000     16.78909    27.00632
               country5 |    25.8609   2.446284    10.57   0.000     21.06627    30.65552
               country6 |   23.47427   2.069994    11.34   0.000     19.41716    27.53138
               country7 |   13.02149   2.030974     6.41   0.000     9.040851    17.00212
               country8 |    13.7501   1.588026     8.66   0.000     10.63763    16.86258
               country9 |    66.2854   3.049836    21.73   0.000     60.30783    72.26297
              country10 |   13.05319   2.168535     6.02   0.000      8.80294    17.30344
              country11 |  -5.343336    1.88638    -2.83   0.005    -9.040573   -1.646099
              country12 |    44.6461   1.916457    23.30   0.000     40.88991    48.40228
              country13 |   11.05348   2.676127     4.13   0.000     5.808364    16.29859
              country14 |   16.44184   2.395757     6.86   0.000     11.74624    21.13744
              country15 |   26.32806   2.130272    12.36   0.000      22.1528    30.50331
              country16 |    21.7444    1.98854    10.93   0.000     17.84693    25.64187
              country17 |   11.10397   2.374652     4.68   0.000      6.44974     15.7582
              country18 |  -3.447976   2.338724    -1.47   0.140    -8.031792    1.135839
                  OA_14 |   .0011611   .0034716     0.33   0.738    -.0056431    .0079652
                  _cons |   .1809067   5.016634     0.04   0.971    -9.651515    10.01333
------------------------+----------------------------------------------------------------
                    rho |   .6156909
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        254
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.111111
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9694
Estimated autocorrelations =         1          Wald chi2(26)     =  475908.83
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -8.482916   3.650705    -2.32   0.020    -15.63817   -1.327666
            BB_dunning3 |  -.0160509   .0039832    -4.03   0.000    -.0238579   -.0082439
                        |
c.CA_cent#c.BB_dunning3 |   .0245746   .0093092     2.64   0.008     .0063288    .0428203
                        |
                  OB_01 |
 De facto crawling peg  |   -1.63434   .7485088    -2.18   0.029     -3.10139   -.1672894
      Managed floating  |  -2.018116   1.310832    -1.54   0.124    -4.587299    .5510683
       Freely floating  |   2.336797   1.755989     1.33   0.183    -1.104879    5.778473
                        |
                 DA_pc8 |  -.0115695   .0878691    -0.13   0.895    -.1837898    .1606507
              DC_total1 |  -.5741132   .1525949    -3.76   0.000    -.8731937   -.2750327
            DD_overall2 |   .0344593   .1304645     0.26   0.792    -.2212464    .2901651
               DE_total |   .0951691   .0576232     1.65   0.099    -.0177703    .2081084
            DG_nominal1 |   .0306016   .0210711     1.45   0.146    -.0106969    .0719002
               country2 |   62.97781   3.528072    17.85   0.000     56.06292    69.89271
               country3 |   51.78343   2.343646    22.10   0.000     47.18997     56.3769
               country4 |   44.09295   2.783946    15.84   0.000     38.63652    49.54938
               country5 |   33.69638   2.731381    12.34   0.000     28.34297    39.04979
               country6 |   58.42198   2.171948    26.90   0.000     54.16504    62.67892
               country7 |   52.37796   2.479732    21.12   0.000     47.51777    57.23814
               country8 |   57.94538   2.003902    28.92   0.000     54.01781    61.87296
               country9 |   54.08486   2.787977    19.40   0.000     48.62052    59.54919
              country10 |   65.82594   2.645612    24.88   0.000     60.64064    71.01125
              country11 |    65.9402   2.555165    25.81   0.000     60.93217    70.94823
              country12 |   34.75633   2.933157    11.85   0.000     29.00744    40.50521
              country13 |   3.114267   3.251947     0.96   0.338    -3.259433    9.487967
              country14 |   9.013252   3.242148     2.78   0.005     2.658758    15.36775
              country15 |   57.11469   2.698709    21.16   0.000     51.82532    62.40407
              country16 |   65.16421   2.656837    24.53   0.000     59.95691    70.37152
              country17 |   55.90108   3.201316    17.46   0.000     49.62662    62.17555
              country18 |   50.56326   2.522361    20.05   0.000     45.61952      55.507
                  OA_14 |   .0078164   .0037864     2.06   0.039     .0003952    .0152376
                  _cons |   19.34238   4.260902     4.54   0.000     10.99116    27.69359
------------------------+----------------------------------------------------------------
                    rho |   .5535684
-----------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        238
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  13.222222
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9557
Estimated autocorrelations =         1          Wald chi2(27)     =   98011.31
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |    2.80197   3.511051     0.80   0.425    -4.079563    9.683502
            BB_dunning3 |  -.0090866   .0046301    -1.96   0.050    -.0181615   -.0000116
                        |
c.CA_cent#c.BB_dunning3 |   .0181278   .0098802     1.83   0.067    -.0012371    .0374927
                        |
                  OB_01 |
 De facto crawling peg  |   -1.33947   .8056336    -1.66   0.096    -2.918483    .2395426
      Managed floating  |   .2454372   1.312426     0.19   0.852     -2.32687    2.817745
       Freely floating  |   .2234953   .8855109     0.25   0.801    -1.512074    1.959065
                        |
                 DA_pc8 |   .2337354    .118084     1.98   0.048     .0022951    .4651757
              DC_total1 |   -.325961   .1101783    -2.96   0.003    -.5419065   -.1100155
            DD_overall2 |   .0759842   .1389223     0.55   0.584    -.1962985    .3482669
               DE_total |   .4037766   .0745929     5.41   0.000     .2575772     .549976
            DG_nominal1 |  -.1590315   .0166792    -9.53   0.000    -.1917221   -.1263409
               country2 |   22.24103   2.481396     8.96   0.000     17.37759    27.10448
               country3 |   56.94624   2.193725    25.96   0.000     52.64662    61.24587
               country4 |   22.33124   2.583181     8.64   0.000      17.2683    27.39418
               country5 |   26.46369   1.844617    14.35   0.000      22.8483    30.07907
               country6 |   25.47865   2.239371    11.38   0.000     21.08956    29.86773
               country7 |   13.77142   2.213855     6.22   0.000     9.432347     18.1105
               country8 |   13.72918   1.727439     7.95   0.000     10.34346     17.1149
               country9 |   66.72659   2.801475    23.82   0.000     61.23579    72.21738
              country10 |   10.44826   2.145491     4.87   0.000     6.243178    14.65335
              country11 |  -7.026515   1.745898    -4.02   0.000    -10.44841   -3.604618
              country12 |   46.71943   1.885937    24.77   0.000     43.02306     50.4158
              country13 |    13.8007   3.225321     4.28   0.000     7.479192    20.12222
              country14 |   17.87291   2.617197     6.83   0.000     12.74329    23.00252
              country15 |   30.49096   2.862611    10.65   0.000     24.88034    36.10157
              country16 |   21.35031   1.927972    11.07   0.000     17.57155    25.12906
              country17 |   11.27684   2.408607     4.68   0.000     6.556058    15.99762
              country18 |  -5.045434   2.188954    -2.30   0.021    -9.335704   -.7551641
                  OA_21 |  -2.159997   .9365873    -2.31   0.021    -3.995674   -.3243195
                  _cons |  -6.883532   5.570885    -1.24   0.217    -17.80227    4.035202
------------------------+----------------------------------------------------------------
                    rho |   .5596236
-----------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        238
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  13.222222
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9554
Estimated autocorrelations =         1          Wald chi2(26)     =  883649.97
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   2.141142    3.32251     0.64   0.519    -4.370859    8.653142
            BB_dunning3 |   -.011586   .0043409    -2.67   0.008    -.0200939   -.0030781
                        |
c.CA_cent#c.BB_dunning3 |   .0209919   .0092147     2.28   0.023     .0029313    .0390524
                        |
                  OB_01 |
 De facto crawling peg  |  -1.288842   .7994045    -1.61   0.107    -2.855646    .2779622
      Managed floating  |   .3013182   1.300918     0.23   0.817    -2.248434     2.85107
       Freely floating  |   .3513902   .8767456     0.40   0.689       -1.367     2.06978
                        |
                 DA_pc8 |   .2002881   .1142991     1.75   0.080    -.0237341    .4243102
              DC_total1 |  -.3445351   .1089077    -3.16   0.002    -.5579902     -.13108
            DD_overall2 |   .0637107   .1398124     0.46   0.649    -.2103165    .3377379
               DE_total |   .4099573   .0741401     5.53   0.000     .2646455    .5552692
            DG_nominal1 |  -.1576013   .0162048    -9.73   0.000    -.1893621   -.1258406
               country2 |   23.96384   2.442909     9.81   0.000     19.17583    28.75186
               country3 |     58.654   2.248077    26.09   0.000     54.24785    63.06015
               country4 |   22.37063   2.551655     8.77   0.000     17.36948    27.37178
               country5 |   27.80733   1.842313    15.09   0.000     24.19647     31.4182
               country6 |    25.8526   2.224335    11.62   0.000     21.49299    30.21222
               country7 |    15.1502   2.207345     6.86   0.000     10.82388    19.47652
               country8 |   15.04332   1.755987     8.57   0.000     11.60165    18.48499
               country9 |   68.19262   2.811002    24.26   0.000     62.68316    73.70208
              country10 |   11.91709   2.155466     5.53   0.000     7.692453    16.14173
              country11 |  -5.682309   1.772321    -3.21   0.001    -9.155995   -2.208623
              country12 |   47.13964   1.860729    25.33   0.000     43.49267     50.7866
              country13 |    13.3403   3.175269     4.20   0.000     7.116889    19.56371
              country14 |   18.38111   2.621914     7.01   0.000     13.24225    23.51996
              country15 |   31.03108   2.844201    10.91   0.000     25.45654    36.60561
              country16 |   22.74961   1.969365    11.55   0.000     18.88972    26.60949
              country17 |   12.49488    2.40484     5.20   0.000     7.781481    17.20828
              country18 |  -3.470518   2.198425    -1.58   0.114    -7.779351    .8383151
                  OA_21 |  -1.970938    .916114    -2.15   0.031    -3.766488   -.1753873
                  _cons |  -8.542176   5.508106    -1.55   0.121    -19.33787    2.253513
------------------------+----------------------------------------------------------------
                    rho |   .5817605
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        236
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  13.111111
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9709
Estimated autocorrelations =         1          Wald chi2(29)     =  274159.50
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -7.067036   3.756079    -1.88   0.060    -14.42882    .2947429
            BB_dunning3 |  -.0151965   .0045694    -3.33   0.001    -.0241525   -.0062406
                        |
c.CA_cent#c.BB_dunning3 |   .0218853   .0108134     2.02   0.043     .0006914    .0430792
                        |
                  OB_01 |
 De facto crawling peg  |  -1.205772   .7063349    -1.71   0.088    -2.590163    .1786192
      Managed floating  |  -2.341353   1.256807    -1.86   0.062    -4.804649    .1219435
       Freely floating  |   2.652944   1.341162     1.98   0.048     .0243134    5.281574
                        |
                 DA_pc8 |  -.0545057   .0997875    -0.55   0.585    -.2500856    .1410741
              DC_total1 |  -.3384401   .1097697    -3.08   0.002    -.5535848   -.1232954
            DD_overall2 |   .0718427   .1255568     0.57   0.567    -.1742442    .3179296
               DE_total |   .1688048   .0653204     2.58   0.010     .0407791    .2968304
            DG_nominal1 |   .0327916   .0223417     1.47   0.142    -.0109973    .0765805
               country2 |   62.70433   3.536359    17.73   0.000     55.77319    69.63546
               country3 |   53.85597   2.426702    22.19   0.000     49.09972    58.61222
               country4 |   44.14975   2.835446    15.57   0.000     38.59238    49.70712
               country5 |   37.74854   2.479152    15.23   0.000     32.88949    42.60759
               country6 |   60.09528   2.139678    28.09   0.000     55.90159    64.28897
               country7 |   53.12504   2.590797    20.51   0.000     48.04718    58.20291
               country8 |   57.87834   2.122244    27.27   0.000     53.71882    62.03786
               country9 |   54.40345   2.692734    20.20   0.000     49.12579    59.68111
              country10 |   64.30514   2.458917    26.15   0.000     59.48575    69.12452
              country11 |   64.67197   2.429284    26.62   0.000     59.91066    69.43327
              country12 |   36.88531   2.998263    12.30   0.000     31.00882     42.7618
              country13 |   3.946308   3.179202     1.24   0.214    -2.284814    10.17743
              country14 |   10.02544   3.578635     2.80   0.005      3.01144    17.03943
              country15 |   58.43165   3.037798    19.23   0.000     52.47768    64.38563
              country16 |   65.43652   2.635121    24.83   0.000     60.27178    70.60127
              country17 |   55.75005   3.135378    17.78   0.000     49.60483    61.89528
              country18 |   50.09974   2.579371    19.42   0.000     45.04427    55.15521
                  OA_21 |   .2739799    1.03075     0.27   0.790    -1.746252    2.294212
                  _cons |   10.96577   5.397725     2.03   0.042     .3864187    21.54511
------------------------+----------------------------------------------------------------
                    rho |   .5341991
-----------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        238
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  13.222222
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9546
Estimated autocorrelations =         1          Wald chi2(25)     =   96797.69
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |    2.52848   3.494783     0.72   0.469    -4.321169     9.37813
            BB_dunning3 |  -.0091102   .0045884    -1.99   0.047    -.0181033   -.0001172
                        |
c.CA_cent#c.BB_dunning3 |   .0183265   .0097176     1.89   0.059    -.0007197    .0373726
                        |
                  OB_01 |
 De facto crawling peg  |  -1.300831   .8041548    -1.62   0.106    -2.876946    .2752833
      Managed floating  |   .4084509   1.297938     0.31   0.753     -2.13546    2.952362
       Freely floating  |   .3657302   .8903466     0.41   0.681    -1.379317    2.110778
                        |
                 DA_pc8 |   .2306877   .1175719     1.96   0.050     .0002511    .4611243
              DC_total1 |   -.366332   .1120117    -3.27   0.001     -.585871   -.1467931
            DD_overall2 |   .1019487   .1437075     0.71   0.478    -.1797127    .3836101
               DE_total |   .4252367   .0752821     5.65   0.000     .2776866    .5727869
            DG_nominal1 |  -.1648472   .0174507    -9.45   0.000    -.1990499   -.1306445
               country2 |   22.55614   2.477298     9.11   0.000     17.70073    27.41156
               country3 |   56.98133   2.192877    25.98   0.000     52.68338    61.27929
               country4 |   22.34956   2.576278     8.68   0.000     17.30015    27.39897
               country5 |   26.59943   1.896759    14.02   0.000     22.88185    30.31701
               country6 |   25.62488   2.277969    11.25   0.000     21.16015    30.08962
               country7 |   13.77134   2.212934     6.22   0.000     9.434072    18.10861
               country8 |   13.77602   1.733535     7.95   0.000     10.37836    17.17369
               country9 |   66.86823    2.83696    23.57   0.000     61.30789    72.42857
              country10 |   10.77649    2.16547     4.98   0.000     6.532244    15.02073
              country11 |  -7.304304   1.762615    -4.14   0.000    -10.75897   -3.849641
              country12 |   46.54075   1.885679    24.68   0.000     42.84489    50.23661
              country13 |   13.37472   3.181936     4.20   0.000      7.13824     19.6112
              country14 |   17.86214   2.610115     6.84   0.000     12.74641    22.97787
              country15 |   30.19815   2.779918    10.86   0.000     24.74962    35.64669
              country16 |   21.15978   1.920008    11.02   0.000     17.39663    24.92292
              country17 |   10.94729   2.402077     4.56   0.000     6.239308    15.65528
              country18 |  -5.274566   2.208751    -2.39   0.017    -9.603638   -.9454944
                  OA_24 |   -.008988   .0038261    -2.35   0.019     -.016487   -.0014891
                  _cons |  -8.621558   5.694488    -1.51   0.130    -19.78255    2.539432
------------------------+----------------------------------------------------------------
                    rho |   .5704619
-----------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        238
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  13.222222
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9545
Estimated autocorrelations =         1          Wald chi2(25)     =  173714.55
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   1.883849   3.298984     0.57   0.568    -4.582041    8.349739
            BB_dunning3 |  -.0116475   .0043061    -2.70   0.007    -.0200874   -.0032076
                        |
c.CA_cent#c.BB_dunning3 |   .0212549   .0090735     2.34   0.019     .0034712    .0390386
                        |
                  OB_01 |
 De facto crawling peg  |  -1.258709   .7979293    -1.58   0.115    -2.822622    .3052036
      Managed floating  |   .4349733   1.290678     0.34   0.736    -2.094709    2.964656
       Freely floating  |   .4785167   .8811984     0.54   0.587      -1.2486    2.205634
                        |
                 DA_pc8 |   .1980778   .1139893     1.74   0.082    -.0253372    .4214928
              DC_total1 |   -.381153   .1101638    -3.46   0.001    -.5970701   -.1652359
            DD_overall2 |    .087851   .1444745     0.61   0.543    -.1953137    .3710158
               DE_total |   .4294013    .074726     5.75   0.000      .282941    .5758615
            DG_nominal1 |  -.1627487   .0169291    -9.61   0.000    -.1959292   -.1295682
               country2 |   24.25286   2.438431     9.95   0.000     19.47362     29.0321
               country3 |    58.6834   2.247174    26.11   0.000     54.27902    63.08778
               country4 |   22.40166   2.544125     8.81   0.000     17.41527    27.38806
               country5 |   27.93866   1.888101    14.80   0.000     24.23805    31.63927
               country6 |   25.99043   2.260508    11.50   0.000     21.55992    30.42094
               country7 |   15.14959   2.205382     6.87   0.000     10.82712    19.47206
               country8 |   15.08852   1.760516     8.57   0.000     11.63798    18.53907
               country9 |   68.31816   2.841399    24.04   0.000     62.74913     73.8872
              country10 |   12.21917   2.174404     5.62   0.000     7.957416    16.48092
              country11 |  -5.933684   1.788129    -3.32   0.001    -9.438352   -2.429016
              country12 |   46.97603    1.85151    25.37   0.000     43.34714    50.60492
              country13 |   12.97087   3.134593     4.14   0.000     6.827178    19.11456
              country14 |   18.38101   2.617853     7.02   0.000     13.25012    23.51191
              country15 |   30.77735   2.769037    11.11   0.000     25.35013    36.20456
              country16 |   22.58023   1.963664    11.50   0.000     18.73152    26.42894
              country17 |   12.20522   2.405542     5.07   0.000     7.490445       16.92
              country18 |  -3.671346   2.219846    -1.65   0.098    -8.022165    .6794733
                  OA_24 |  -.0082183   .0037569    -2.19   0.029    -.0155817   -.0008549
                  _cons |  -10.13725   5.613688    -1.81   0.071    -21.13988    .8653745
------------------------+----------------------------------------------------------------
                    rho |     .59061
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        236
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  13.111111
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9709
Estimated autocorrelations =         1          Wald chi2(27)     =  325557.10
Estimated coefficients     =        30          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -6.916906   3.692503    -1.87   0.061    -14.15408    .3202678
            BB_dunning3 |  -.0151943   .0045215    -3.36   0.001    -.0240564   -.0063323
                        |
c.CA_cent#c.BB_dunning3 |   .0218349   .0106723     2.05   0.041     .0009176    .0427522
                        |
                  OB_01 |
 De facto crawling peg  |  -1.250972   .7152167    -1.75   0.080    -2.652771    .1508268
      Managed floating  |  -2.380601   1.278692    -1.86   0.063    -4.886791    .1255893
       Freely floating  |   2.583607   1.318429     1.96   0.050    -.0004664     5.16768
                        |
                 DA_pc8 |  -.0547874   .0997713    -0.55   0.583    -.2503355    .1407608
              DC_total1 |  -.3258425    .106799    -3.05   0.002    -.5351648   -.1165203
            DD_overall2 |   .0788187   .1279403     0.62   0.538    -.1719396     .329577
               DE_total |   .1694713   .0649897     2.61   0.009     .0420938    .2968488
            DG_nominal1 |   .0328217   .0223665     1.47   0.142    -.0110157    .0766592
               country2 |   62.60368   3.522873    17.77   0.000     55.69897    69.50838
               country3 |   53.97173   2.426611    22.24   0.000     49.21566     58.7278
               country4 |   44.17867   2.831155    15.60   0.000     38.62971    49.72763
               country5 |   38.02566   2.528445    15.04   0.000        33.07    42.98132
               country6 |   60.31213   2.157818    27.95   0.000     56.08288    64.54138
               country7 |    53.2771   2.569453    20.73   0.000     48.24106    58.31313
               country8 |   58.14691    2.06804    28.12   0.000     54.09363     62.2002
               country9 |   54.53525   2.698746    20.21   0.000     49.24581     59.8247
              country10 |    64.2643   2.442674    26.31   0.000     59.47675    69.05186
              country11 |   64.72157   2.454915    26.36   0.000     59.91003    69.53312
              country12 |   37.16146   2.996738    12.40   0.000     31.28796    43.03495
              country13 |   4.075742   3.183295     1.28   0.200      -2.1634    10.31489
              country14 |    10.2275   3.616169     2.83   0.005     3.139936    17.31506
              country15 |   59.06105   3.086393    19.14   0.000     53.01183    65.11026
              country16 |    65.4789   2.637742    24.82   0.000     60.30902    70.64878
              country17 |   55.71934   3.171596    17.57   0.000     49.50313    61.93556
              country18 |   50.07979   2.610324    19.19   0.000     44.96365    55.19593
                  OA_24 |  -.0003649   .0047151    -0.08   0.938    -.0096063    .0088765
                  _cons |   10.78565    5.34294     2.02   0.044      .313677    21.25762
------------------------+----------------------------------------------------------------
                    rho |   .5345948
-----------------------------------------------------------------------------------------

Number of gaps in sample:  10
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        203
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =    12.6875
                                                              max =         21
Estimated covariances      =       136          R-squared         =     0.9689
Estimated autocorrelations =         1          Wald chi2(19)     =   23576.36
Estimated coefficients     =        28          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -9.089742   3.460529    -2.63   0.009    -15.87226   -2.307229
            BB_dunning3 |  -.0359346   .0072088    -4.98   0.000    -.0500637   -.0218055
                        |
c.CA_cent#c.BB_dunning3 |   .0733247   .0143346     5.12   0.000     .0452295      .10142
                        |
                  OB_01 |
 De facto crawling peg  |  -1.471462   .8974878    -1.64   0.101    -3.230506    .2875817
      Managed floating  |   .2283022     1.1378     0.20   0.841    -2.001746     2.45835
       Freely floating  |  -1.215035   1.003377    -1.21   0.226    -3.181618    .7515483
                        |
                 DA_pc8 |   .4754425   .1307151     3.64   0.000     .2192456    .7316395
              DC_total1 |  -.1943001   .1045271    -1.86   0.063    -.3991695    .0105694
            DD_overall2 |   .1547878   .1168134     1.33   0.185    -.0741623    .3837378
               DE_total |   .2362958   .0554212     4.26   0.000     .1276722    .3449194
            DG_nominal1 |  -.1318338    .017517    -7.53   0.000    -.1661664   -.0975012
               country2 |   25.95108   2.206283    11.76   0.000     21.62684    30.27531
               country3 |   52.09369   1.819299    28.63   0.000     48.52793    55.65945
               country4 |          0  (omitted)
               country5 |    21.5874   1.802892    11.97   0.000     18.05379      25.121
               country6 |   18.05635   2.120245     8.52   0.000     13.90074    22.21195
               country7 |   4.520216   2.232867     2.02   0.043      .143877    8.896555
               country8 |   9.020081    1.40714     6.41   0.000     6.262138    11.77802
               country9 |   50.74648   2.883662    17.60   0.000      45.0946    56.39835
              country10 |   7.459486   2.231634     3.34   0.001     3.085565    11.83341
              country11 |  -11.82015   2.275167    -5.20   0.000    -16.27939     -7.3609
              country12 |   43.30538   1.544753    28.03   0.000     40.27772    46.33304
              country13 |   7.233873   3.379129     2.14   0.032     .6109008    13.85685
              country14 |    12.1436    2.41264     5.03   0.000     7.414916    16.87229
              country15 |   23.97408   2.075308    11.55   0.000     19.90656    28.04161
              country16 |   18.23427   2.091861     8.72   0.000     14.13429    22.33424
              country17 |   3.958743   2.684479     1.47   0.140    -1.302738    9.220225
              country18 |          0  (omitted)
                CB_voc8 |  -.1347343    .042521    -3.17   0.002     -.218074   -.0513947
                  _cons |   14.31446   4.868323     2.94   0.003     4.772724     23.8562
------------------------+----------------------------------------------------------------
                    rho |   .4025363
-----------------------------------------------------------------------------------------

Number of gaps in sample:  10
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        203
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =    12.6875
                                                              max =         21
Estimated covariances      =       136          R-squared         =     0.9702
Estimated autocorrelations =         1          Wald chi2(22)     =   11335.51
Estimated coefficients     =        28          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -7.421824   3.403905    -2.18   0.029    -14.09335   -.7502924
            BB_dunning3 |  -.0354221   .0066011    -5.37   0.000    -.0483601   -.0224841
                        |
c.CA_cent#c.BB_dunning3 |   .0696626   .0131308     5.31   0.000     .0439266    .0953986
                        |
                  OB_01 |
 De facto crawling peg  |  -1.373459   .8626992    -1.59   0.111    -3.064318    .3174006
      Managed floating  |   .1484458   1.118931     0.13   0.894    -2.044618     2.34151
       Freely floating  |  -1.013137   .9890135    -1.02   0.306    -2.951568    .9252937
                        |
                 DA_pc8 |   .4375753   .1269569     3.45   0.001     .1887443    .6864063
              DC_total1 |  -.2049738   .1032636    -1.98   0.047    -.4073667   -.0025809
            DD_overall2 |   .1890733   .1147545     1.65   0.099    -.0358414    .4139879
               DE_total |    .229685   .0537295     4.27   0.000      .124377     .334993
            DG_nominal1 |  -.1376596   .0172426    -7.98   0.000    -.1714545   -.1038648
               country2 |   26.88682   2.247713    11.96   0.000     22.48138    31.29225
               country3 |   53.83736   1.775879    30.32   0.000      50.3567    57.31802
               country4 |          0  (omitted)
               country5 |   23.17737   1.792478    12.93   0.000     19.66418    26.69056
               country6 |   19.14149   2.076971     9.22   0.000      15.0707    23.21228
               country7 |   6.853672   2.160436     3.17   0.002     2.619296    11.08805
               country8 |   10.83453   1.377632     7.86   0.000     8.134423    13.53464
               country9 |   52.51376     2.7553    19.06   0.000     47.11347    57.91405
              country10 |   9.661617    2.17543     4.44   0.000     5.397852    13.92538
              country11 |  -9.753135   2.211149    -4.41   0.000    -14.08691   -5.419363
              country12 |   43.80421   1.544901    28.35   0.000     40.77626    46.83216
              country13 |   8.204415   3.283855     2.50   0.012     1.768176    14.64065
              country14 |   13.35728   2.324364     5.75   0.000     8.801608    17.91295
              country15 |   25.30783   2.047279    12.36   0.000     21.29524    29.32043
              country16 |   20.03522   2.080721     9.63   0.000     15.95708    24.11336
              country17 |   6.052061   2.664026     2.27   0.023     .8306671    11.27346
              country18 |          0  (omitted)
                CB_voc8 |  -.1249288   .0407027    -3.07   0.002    -.2047047   -.0451529
                  _cons |   11.85279   4.751106     2.49   0.013     2.540796    21.16479
------------------------+----------------------------------------------------------------
                    rho |   .4349107
-----------------------------------------------------------------------------------------

Number of gaps in sample:  11
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        201
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          4
Sigma computed by pairwise selection                          avg =    12.5625
                                                              max =         19
Estimated covariances      =       136          R-squared         =     0.9832
Estimated autocorrelations =         1          Wald chi2(19)     =   15429.39
Estimated coefficients     =        28          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -10.59194   4.067041    -2.60   0.009     -18.5632    -2.62069
            BB_dunning3 |  -.0411308   .0092037    -4.47   0.000    -.0591697   -.0230918
                        |
c.CA_cent#c.BB_dunning3 |   .0743596   .0179699     4.14   0.000     .0391393    .1095799
                        |
                  OB_01 |
 De facto crawling peg  |  -1.615926   .7421486    -2.18   0.029    -3.070511   -.1613415
      Managed floating  |  -3.216281   1.170873    -2.75   0.006    -5.511149   -.9214127
       Freely floating  |    2.12664   1.197389     1.78   0.076    -.2201994    4.473479
                        |
                 DA_pc8 |   .0176357   .1013554     0.17   0.862    -.1810171    .2162886
              DC_total1 |  -.2889946   .1087231    -2.66   0.008     -.502088   -.0759012
            DD_overall2 |   .1633123   .1100167     1.48   0.138    -.0523165    .3789412
               DE_total |   .0623002   .0519458     1.20   0.230    -.0395116     .164112
            DG_nominal1 |  -.0107586   .0204075    -0.53   0.598    -.0507566    .0292394
               country2 |   61.68667   3.598508    17.14   0.000     54.63372    68.73962
               country3 |   49.77608   1.709553    29.12   0.000     46.42541    53.12674
               country4 |          0  (omitted)
               country5 |   34.74926   1.584018    21.94   0.000     31.64464    37.85388
               country6 |   56.75359   1.902938    29.82   0.000      53.0239    60.48328
               country7 |   48.71736   2.112466    23.06   0.000       44.577    52.85772
               country8 |    55.5424   1.567459    35.43   0.000     52.47024    58.61456
               country9 |   47.88196   2.360881    20.28   0.000     43.25472     52.5092
              country10 |   61.76343   2.070041    29.84   0.000     57.70622    65.82064
              country11 |   62.08413   2.474379    25.09   0.000     57.23443    66.93382
              country12 |   33.49435   2.229624    15.02   0.000     29.12437    37.86434
              country13 |   2.400555   3.490008     0.69   0.492    -4.439735    9.240845
              country14 |   5.213706   2.460395     2.12   0.034     .3914195    10.03599
              country15 |   57.24299   2.112398    27.10   0.000     53.10276    61.38321
              country16 |   62.19131    2.28131    27.26   0.000     57.72003     66.6626
              country17 |    53.8106   2.833425    18.99   0.000     48.25719    59.36401
              country18 |          0  (omitted)
                CB_voc8 |   .0102795   .0524835     0.20   0.845    -.0925863    .1131453
                  _cons |   26.82108   4.112618     6.52   0.000      18.7605    34.88167
------------------------+----------------------------------------------------------------
                    rho |   .4637762
-----------------------------------------------------------------------------------------

.         
.         
.         
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables O
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach social of varlist OA_01 OA_04 OA_11 OA_14 OA_21 OA_24 CB_voc8 {
  2. 
. global exports_ineq_reg1 "xtpcse c.DB_exports_clean5 c.$IN##c.$NTR $controls_exports  `socia
> l' , pairwise correlation(ar1)"
  3. global exports_ineq_reg2 "xtpcse c.DB_exports_clean6 c.$IN##c.$NTR $controls_exports  `so
> cial' , pairwise correlation(ar1)"
  4. global exports_ineq_reg3 "xtpcse c.DB_manu1 c.$IN##c.$NTR $controls_exports  `social' , p
> airwise correlation(ar1)"
  5. 
. forvalues x=1/3 {
  6.         capture noisily ${exports_ineq_reg`x'} 
  7.                 }
  8.         }

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        235
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.055556
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9639
Estimated autocorrelations =         1          Wald chi2(27)     =   32428.33
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -87.16466   19.58002    -4.45   0.000    -125.5408   -48.78853
             BB_dunning3 |   .0226345   .0106789     2.12   0.034     .0017042    .0435649
                         |
c.CC_gini3#c.BB_dunning3 |  -.0919027    .039895    -2.30   0.021    -.1700954     -.01371
                         |
                   OB_01 |
  De facto crawling peg  |  -.6308536   .8414719    -0.75   0.453    -2.280108    1.018401
       Managed floating  |  -.6207497   1.395398    -0.44   0.656    -3.355679     2.11418
        Freely floating  |  -.9466554   .8434352    -1.12   0.262    -2.599758    .7064472
                         |
                  DA_pc8 |   .1057324    .114447     0.92   0.356    -.1185796    .3300445
               DC_total1 |  -.0559614   .1188789    -0.47   0.638    -.2889598    .1770371
             DD_overall2 |   .1972427    .174334     1.13   0.258    -.1444458    .5389311
                DE_total |   .4153778   .0821815     5.05   0.000     .2543051    .5764505
             DG_nominal1 |  -.1829138   .0159424   -11.47   0.000    -.2141604   -.1516672
                country2 |   21.62673   2.737871     7.90   0.000      16.2606    26.99285
                country3 |   54.37015   2.369201    22.95   0.000      49.7266     59.0137
                country4 |   15.01581   2.059983     7.29   0.000     10.97831     19.0533
                country5 |    19.5291   2.840249     6.88   0.000     13.96231    25.09588
                country6 |   19.56044   2.583508     7.57   0.000     14.49686    24.62402
                country7 |   13.59201   2.175609     6.25   0.000     9.327895    17.85613
                country8 |    11.4766   1.947064     5.89   0.000     7.660427    15.29278
                country9 |   62.13907   2.575868    24.12   0.000     57.09046    67.18768
               country10 |   12.68875   2.243141     5.66   0.000     8.292277    17.08523
               country11 |  -9.132196   1.915239    -4.77   0.000      -12.886   -5.378395
               country12 |    43.8509   1.707092    25.69   0.000     40.50506    47.19673
               country13 |   14.50871   2.883388     5.03   0.000     8.857375    20.16005
               country14 |   15.68949   3.034435     5.17   0.000     9.742108    21.63687
               country15 |   26.40439   3.060334     8.63   0.000     20.40625    32.40253
               country16 |   19.41295   2.479768     7.83   0.000      14.5527    24.27321
               country17 |   13.45249   1.630938     8.25   0.000     10.25591    16.64906
               country18 |  -5.821425   1.777393    -3.28   0.001    -9.305051   -2.337799
                   OA_01 |  -.7003946   .1643303    -4.26   0.000    -1.022476   -.3783131
                   _cons |   32.34686   6.916713     4.68   0.000     18.79035    45.90337
-------------------------+----------------------------------------------------------------
                     rho |    .553511
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        235
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.055556
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9641
Estimated autocorrelations =         1          Wald chi2(26)     =  545108.80
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -85.25499   19.35321    -4.41   0.000    -123.1866   -47.32339
             BB_dunning3 |   .0241297   .0099506     2.42   0.015     .0046269    .0436325
                         |
c.CC_gini3#c.BB_dunning3 |    -.10197   .0370828    -2.75   0.006     -.174651    -.029289
                         |
                   OB_01 |
  De facto crawling peg  |  -.6320292   .8348355    -0.76   0.449    -2.268277    1.004218
       Managed floating  |  -.5042574   1.378539    -0.37   0.715    -3.206144    2.197629
        Freely floating  |  -.8015359    .836868    -0.96   0.338    -2.441767    .8386951
                         |
                  DA_pc8 |   .0850076   .1106208     0.77   0.442    -.1318051    .3018204
               DC_total1 |  -.0792786   .1160681    -0.68   0.495    -.3067679    .1482107
             DD_overall2 |   .1930435    .174609     1.11   0.269    -.1491838    .5352708
                DE_total |   .4171389   .0822826     5.07   0.000      .255868    .5784098
             DG_nominal1 |  -.1797646   .0152087   -11.82   0.000    -.2095731    -.149956
                country2 |   22.60918   2.763133     8.18   0.000     17.19354    28.02482
                country3 |   55.68827   2.367891    23.52   0.000     51.04729    60.32926
                country4 |   14.67688   2.141127     6.85   0.000     10.48035    18.87341
                country5 |   20.65011    2.79551     7.39   0.000     15.17102    26.12921
                country6 |   19.72435   2.561857     7.70   0.000      14.7032    24.74549
                country7 |   14.69298   2.177192     6.75   0.000     10.42576     18.9602
                country8 |   12.49512   1.975207     6.33   0.000     8.623782    16.36645
                country9 |   63.28078   2.609035    24.25   0.000     58.16717     68.3944
               country10 |   13.79995   2.308276     5.98   0.000      9.27581    18.32409
               country11 |   -7.95537   1.907723    -4.17   0.000    -11.69444   -4.216301
               country12 |   43.91854   1.749197    25.11   0.000     40.49017     47.3469
               country13 |   13.80499   2.962869     4.66   0.000     7.997876    19.61211
               country14 |   15.78975   3.014928     5.24   0.000       9.8806     21.6989
               country15 |   26.69006   3.030792     8.81   0.000     20.74982     32.6303
               country16 |   20.48982   2.408666     8.51   0.000     15.76892    25.21072
               country17 |   14.28178      1.685     8.48   0.000     10.97924    17.58432
               country18 |  -4.645644   1.773659    -2.62   0.009    -8.121953   -1.169336
                   OA_01 |  -.6800952   .1600686    -4.25   0.000    -.9938239   -.3663664
                   _cons |   29.97161   6.766661     4.43   0.000      16.7092    43.23403
-------------------------+----------------------------------------------------------------
                     rho |   .5700749
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        235
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.055556
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9751
Estimated autocorrelations =         1          Wald chi2(22)     =  219611.87
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -42.00093   21.91246    -1.92   0.055    -84.94857    .9467092
             BB_dunning3 |   .0343817   .0114802     2.99   0.003     .0118809    .0568826
                         |
c.CC_gini3#c.BB_dunning3 |  -.1500231   .0417937    -3.59   0.000    -.2319373   -.0681089
                         |
                   OB_01 |
  De facto crawling peg  |   -1.33255   .6753366    -1.97   0.048    -2.656186   -.0089151
       Managed floating  |   -2.07486   1.762916    -1.18   0.239    -5.530111    1.380391
        Freely floating  |   2.568943    1.37512     1.87   0.062    -.1262422    5.264128
                         |
                  DA_pc8 |  -.0393196   .0962381    -0.41   0.683    -.2279428    .1493037
               DC_total1 |  -.2439345   .1278227    -1.91   0.056    -.4944624    .0065934
             DD_overall2 |   .2656834   .1493081     1.78   0.075    -.0269551     .558322
                DE_total |   .0994882   .0636168     1.56   0.118    -.0251985    .2241749
             DG_nominal1 |   -.001138   .0195838    -0.06   0.954    -.0395214    .0372455
                country2 |    52.6557   3.958944    13.30   0.000     44.89631    60.41509
                country3 |   47.05763   2.505434    18.78   0.000     42.14706    51.96819
                country4 |   37.50821   1.875107    20.00   0.000     33.83307    41.18336
                country5 |   28.66422   2.689451    10.66   0.000     23.39299    33.93544
                country6 |   53.16044   2.696023    19.72   0.000     47.87634    58.44455
                country7 |    49.4302   2.570578    19.23   0.000     44.39196    54.46844
                country8 |   52.00036   2.542117    20.46   0.000      47.0179    56.98282
                country9 |   47.82587   2.661198    17.97   0.000     42.61001    53.04172
               country10 |   61.95929   2.545349    24.34   0.000      56.9705    66.94808
               country11 |   61.20136   1.763807    34.70   0.000     57.74436    64.65836
               country12 |   30.04129    2.92231    10.28   0.000     24.31367    35.76891
               country13 |   2.186865   3.374948     0.65   0.517    -4.427911    8.801641
               country14 |   1.092161   3.787364     0.29   0.773    -6.330937    8.515258
               country15 |    51.4979   3.619553    14.23   0.000     44.40371     58.5921
               country16 |   54.93411   2.359406    23.28   0.000     50.30976    59.55846
               country17 |   53.98259   3.023482    17.85   0.000     48.05667    59.90851
               country18 |   48.00309   1.664743    28.84   0.000     44.74025    51.26592
                   OA_01 |  -.1540788     .16925    -0.91   0.363    -.4858028    .1776451
                   _cons |   33.92777   6.903396     4.91   0.000     20.39736    47.45817
-------------------------+----------------------------------------------------------------
                     rho |    .491922
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        235
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.055556
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9702
Estimated autocorrelations =         1          Wald chi2(26)     =  865234.08
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -78.82785   18.82672    -4.19   0.000    -115.7275   -41.92816
             BB_dunning3 |   .0286212   .0099169     2.89   0.004     .0091844     .048058
                         |
c.CC_gini3#c.BB_dunning3 |  -.1107044   .0375597    -2.95   0.003      -.18432   -.0370888
                         |
                   OB_01 |
  De facto crawling peg  |  -.9768711   .8023692    -1.22   0.223    -2.549486    .5957437
       Managed floating  |  -.7208126   1.237357    -0.58   0.560    -3.145989    1.704363
        Freely floating  |  -.7057953   .8169019    -0.86   0.388    -2.306894     .895303
                         |
                  DA_pc8 |   .1383582   .1124528     1.23   0.219    -.0820452    .3587616
               DC_total1 |  -.1934676   .1123709    -1.72   0.085    -.4137105    .0267752
             DD_overall2 |   .6606206   .2040113     3.24   0.001     .2607657    1.060475
                DE_total |   .5779676   .0909088     6.36   0.000     .3997897    .7561456
             DG_nominal1 |  -.2101295   .0167291   -12.56   0.000    -.2429179    -.177341
                country2 |   27.90206    3.40373     8.20   0.000     21.23087    34.57324
                country3 |   55.85854   2.377822    23.49   0.000      51.1981    60.51899
                country4 |   16.46169   1.858606     8.86   0.000     12.81889    20.10449
                country5 |   22.89995    2.81791     8.13   0.000     17.37695    28.42295
                country6 |   24.37091   2.819197     8.64   0.000     18.84538    29.89643
                country7 |   15.11819    2.28597     6.61   0.000     10.63777     19.5986
                country8 |    15.5531   2.371883     6.56   0.000     10.90429     20.2019
                country9 |   64.03647   2.391299    26.78   0.000     59.34961    68.72333
               country10 |    16.5197   2.552295     6.47   0.000     11.51729    21.52211
               country11 |  -8.425798   1.941152    -4.34   0.000    -12.23039    -4.62121
               country12 |    44.4511   1.684938    26.38   0.000     41.14868    47.75351
               country13 |   14.85471   2.736279     5.43   0.000     9.491698    20.21772
               country14 |   19.36555   2.953659     6.56   0.000     13.57649    25.15462
               country15 |   31.69028   3.411429     9.29   0.000       25.004    38.37656
               country16 |   20.23726    2.31862     8.73   0.000     15.69284    24.78167
               country17 |   12.24979    1.55902     7.86   0.000     9.194171    15.30542
               country18 |   -5.03823   1.735865    -2.90   0.004    -8.440462   -1.635998
                   OA_04 |  -.0037193   .0007723    -4.82   0.000    -.0052329   -.0022058
                   _cons |   8.583619   6.441645     1.33   0.183    -4.041773    21.20901
-------------------------+----------------------------------------------------------------
                     rho |   .4878267
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        235
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.055556
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9701
Estimated autocorrelations =         1          Wald chi2(26)     =   90324.19
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -77.06538   18.81132    -4.10   0.000    -113.9349   -40.19586
             BB_dunning3 |   .0292714   .0091587     3.20   0.001     .0113207     .047222
                         |
c.CC_gini3#c.BB_dunning3 |  -.1177122   .0346163    -3.40   0.001    -.1855588   -.0498655
                         |
                   OB_01 |
  De facto crawling peg  |  -.9469954   .7972959    -1.19   0.235    -2.509667     .615676
       Managed floating  |  -.5716552   1.233209    -0.46   0.643      -2.9887     1.84539
        Freely floating  |  -.5682176   .8135822    -0.70   0.485    -2.162809    1.026374
                         |
                  DA_pc8 |    .111828   .1087669     1.03   0.304    -.1013511    .3250072
               DC_total1 |  -.2130039   .1102179    -1.93   0.053    -.4290271    .0030192
             DD_overall2 |   .6417296   .1981697     3.24   0.001     .2533241    1.030135
                DE_total |    .580287   .0916531     6.33   0.000     .4006503    .7599238
             DG_nominal1 |  -.2058781   .0162858   -12.64   0.000    -.2377977   -.1739585
                country2 |   28.87447   3.431508     8.41   0.000     22.14884     35.6001
                country3 |   57.27013   2.388552    23.98   0.000     52.58865    61.95161
                country4 |   16.07636   1.960586     8.20   0.000     12.23368    19.91904
                country5 |   24.06382   2.796085     8.61   0.000     18.58359    29.54404
                country6 |   24.52646   2.801943     8.75   0.000     19.03475    30.01816
                country7 |   16.31117   2.296195     7.10   0.000     11.81071    20.81163
                country8 |   16.58969   2.399199     6.91   0.000     11.88734    21.29203
                country9 |   65.20555    2.42332    26.91   0.000     60.45593    69.95517
               country10 |   17.56408   2.588668     6.78   0.000     12.49039    22.63778
               country11 |  -7.237936    1.94387    -3.72   0.000    -11.04785    -3.42802
               country12 |   44.63432   1.735941    25.71   0.000     41.23193     48.0367
               country13 |   14.09301   2.807946     5.02   0.000     8.589538    19.59648
               country14 |    19.5362   2.933554     6.66   0.000     13.78653    25.28586
               country15 |   31.98537   3.387966     9.44   0.000     25.34508    38.62567
               country16 |   21.36014   2.270246     9.41   0.000     16.91054    25.80974
               country17 |   13.12396   1.610135     8.15   0.000     9.968151    16.27977
               country18 |  -3.912888   1.742339    -2.25   0.025     -7.32781   -.4979654
                   OA_04 |  -.0036616   .0007533    -4.86   0.000     -.005138   -.0021852
                   _cons |   6.552924   6.384502     1.03   0.305     -5.96047    19.06632
-------------------------+----------------------------------------------------------------
                     rho |   .5118326
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        235
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.055556
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9761
Estimated autocorrelations =         1          Wald chi2(24)     =  772690.76
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   -42.1686   21.26675    -1.98   0.047    -83.85067   -.4865295
             BB_dunning3 |   .0352568   .0109959     3.21   0.001     .0137052    .0568083
                         |
c.CC_gini3#c.BB_dunning3 |  -.1522613   .0401582    -3.79   0.000    -.2309699   -.0735526
                         |
                   OB_01 |
  De facto crawling peg  |  -1.446081    .687453    -2.10   0.035    -2.793464   -.0986975
       Managed floating  |  -2.193963   1.750273    -1.25   0.210    -5.624436    1.236509
        Freely floating  |   2.493716    1.28745     1.94   0.053    -.0296389    5.017071
                         |
                  DA_pc8 |  -.0534974   .0933492    -0.57   0.567    -.2364585    .1294637
               DC_total1 |  -.2442008   .1019916    -2.39   0.017    -.4441006    -.044301
             DD_overall2 |   .4566584   .1872006     2.44   0.015     .0897519    .8235649
                DE_total |   .1590241   .0670407     2.37   0.018     .0276267    .2904214
             DG_nominal1 |  -.0108272   .0204255    -0.53   0.596    -.0508604    .0292061
                country2 |   55.87988    3.96049    14.11   0.000     48.11746     63.6423
                country3 |   48.19224   2.523897    19.09   0.000     43.24549    53.13899
                country4 |   37.91025   1.940129    19.54   0.000     34.10767    41.71284
                country5 |   30.54567   2.685935    11.37   0.000     25.28133       35.81
                country6 |    55.6406   2.846515    19.55   0.000     50.06153    61.21966
                country7 |   50.94566   2.584761    19.71   0.000     45.87962     56.0117
                country8 |   54.35994   2.484515    21.88   0.000     49.49038     59.2295
                country9 |   48.42602   2.762179    17.53   0.000     43.01225    53.83979
               country10 |   63.93127   2.954778    21.64   0.000     58.14002    69.72253
               country11 |   61.52363   1.792006    34.33   0.000     58.01136    65.03589
               country12 |   30.94175    2.82378    10.96   0.000     25.40724    36.47626
               country13 |   2.845703   3.385757     0.84   0.401    -3.790259    9.481665
               country14 |   3.267284   3.774225     0.87   0.387    -4.130061    10.66463
               country15 |   54.86558   3.650226    15.03   0.000     47.71126    62.01989
               country16 |   55.36353   2.314721    23.92   0.000     50.82676    59.90031
               country17 |   53.89657   2.986976    18.04   0.000     48.04221    59.75094
               country18 |   48.13803   1.755115    27.43   0.000     44.69807      51.578
                   OA_04 |  -.0013834   .0006833    -2.02   0.043    -.0027226   -.0000443
                   _cons |   27.19329    5.35393     5.08   0.000     16.69978     37.6868
-------------------------+----------------------------------------------------------------
                     rho |   .4740179
------------------------------------------------------------------------------------------
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        237
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9630
Estimated autocorrelations =         1          Wald chi2(27)     =  178062.97
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   -68.5404   18.96716    -3.61   0.000    -105.7154   -31.36544
             BB_dunning3 |   .0286605   .0106051     2.70   0.007     .0078749    .0494461
                         |
c.CC_gini3#c.BB_dunning3 |  -.1117512   .0398542    -2.80   0.005     -.189864   -.0336384
                         |
                   OB_01 |
  De facto crawling peg  |  -.6301139    .874153    -0.72   0.471    -2.343422    1.083194
       Managed floating  |  -.4022058   1.519201    -0.26   0.791    -3.379785    2.575373
        Freely floating  |   .3264256   .8573505     0.38   0.703    -1.353951    2.006802
                         |
                  DA_pc8 |   .2358028   .1181821     2.00   0.046     .0041701    .4674355
               DC_total1 |  -.3032253   .1530773    -1.98   0.048    -.6032513   -.0031993
             DD_overall2 |   .1088123   .1868371     0.58   0.560    -.2573817    .4750062
                DE_total |   .4074828   .0844175     4.83   0.000     .2420276     .572938
             DG_nominal1 |  -.1946214   .0162505   -11.98   0.000    -.2264718   -.1627711
                country2 |   16.82678   2.442058     6.89   0.000     12.04043    21.61312
                country3 |   51.92708   2.357866    22.02   0.000     47.30575    56.54842
                country4 |   16.13353   2.140055     7.54   0.000      11.9391    20.32796
                country5 |    17.4097   3.249809     5.36   0.000     11.04019    23.77921
                country6 |   16.31236    2.50435     6.51   0.000     11.40392    21.22079
                country7 |   8.271249   1.904104     4.34   0.000     4.539274    12.00322
                country8 |   6.616897   1.774324     3.73   0.000     3.139286    10.09451
                country9 |   63.74065   2.738183    23.28   0.000     58.37391    69.10739
               country10 |   9.706042   2.717648     3.57   0.000      4.37955    15.03253
               country11 |  -9.026399   1.952921    -4.62   0.000    -12.85405   -5.198744
               country12 |   41.02062   1.836004    22.34   0.000     37.42212    44.61912
               country13 |   12.43124   3.162414     3.93   0.000     6.233024    18.62946
               country14 |   11.20154   2.830529     3.96   0.000     5.653805    16.74928
               country15 |   18.78619   2.522805     7.45   0.000     13.84158     23.7308
               country16 |   19.44277   2.503525     7.77   0.000     14.53595    24.34959
               country17 |   11.86566   2.180686     5.44   0.000     7.591597    16.13973
               country18 |    -5.3046   1.870361    -2.84   0.005    -8.970441   -1.638759
                   OA_11 |  -.5629912   .6971945    -0.81   0.419    -1.929467     .803485
                   _cons |   20.07072   6.766602     2.97   0.003     6.808424    33.33302
-------------------------+----------------------------------------------------------------
                     rho |   .5273038
------------------------------------------------------------------------------------------
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        237
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9630
Estimated autocorrelations =         1          Wald chi2(27)     =   88779.72
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -67.17536   18.93163    -3.55   0.000    -104.2807   -30.07005
             BB_dunning3 |   .0298718    .009935     3.01   0.003     .0103996    .0493441
                         |
c.CC_gini3#c.BB_dunning3 |  -.1207638   .0372812    -3.24   0.001    -.1938337   -.0476939
                         |
                   OB_01 |
  De facto crawling peg  |  -.6577349   .8641752    -0.76   0.447    -2.351487    1.036017
       Managed floating  |  -.3442943   1.514503    -0.23   0.820    -3.312665    2.624077
        Freely floating  |   .5022874   .8597411     0.58   0.559    -1.182774    2.187349
                         |
                  DA_pc8 |   .2092287   .1141799     1.83   0.067    -.0145598    .4330172
               DC_total1 |  -.3386073   .1511906    -2.24   0.025    -.6349354   -.0422793
             DD_overall2 |   .1097392   .1866951     0.59   0.557    -.2561765     .475655
                DE_total |   .4088202   .0842563     4.85   0.000     .2436809    .5739595
             DG_nominal1 |  -.1911927   .0155367   -12.31   0.000    -.2216442   -.1607413
                country2 |   18.02449   2.494277     7.23   0.000      13.1358    22.91319
                country3 |   53.26482   2.368572    22.49   0.000      48.6225    57.90713
                country4 |   15.85063   2.247476     7.05   0.000     11.44566     20.2556
                country5 |    18.3965   3.228945     5.70   0.000     12.06789    24.72512
                country6 |   16.60763   2.513756     6.61   0.000     11.68076     21.5345
                country7 |   9.591611   1.915393     5.01   0.000      5.83751    13.34571
                country8 |   7.813114   1.814621     4.31   0.000     4.256523    11.36971
                country9 |   64.92962    2.79441    23.24   0.000     59.45268    70.40656
               country10 |   11.13333   2.730214     4.08   0.000      5.78221    16.48445
               country11 |  -7.846787   1.969796    -3.98   0.000    -11.70752   -3.986058
               country12 |   41.09445   1.883179    21.82   0.000     37.40348    44.78541
               country13 |   11.89852   3.215007     3.70   0.000     5.597223    18.19982
               country14 |   11.54666   2.833916     4.07   0.000     5.992291    17.10104
               country15 |   19.33883   2.553242     7.57   0.000     14.33456    24.34309
               country16 |   20.60515   2.477143     8.32   0.000     15.75004    25.46026
               country17 |   12.92078   2.233622     5.78   0.000     8.542958     17.2986
               country18 |  -4.097207    1.89975    -2.16   0.031    -7.820649   -.3737658
                   OA_11 |   -.432809   .6907313    -0.63   0.531    -1.786618    .9209995
                   _cons |   17.98964   6.683425     2.69   0.007     4.890367    31.08891
-------------------------+----------------------------------------------------------------
                     rho |   .5463033
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        235
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.055556
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9752
Estimated autocorrelations =         1          Wald chi2(26)     = 1749803.59
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -38.05721    20.0197    -1.90   0.057     -77.2951    1.180691
             BB_dunning3 |   .0352486   .0116195     3.03   0.002     .0124749    .0580223
                         |
c.CC_gini3#c.BB_dunning3 |  -.1527518   .0423467    -3.61   0.000    -.2357498   -.0697538
                         |
                   OB_01 |
  De facto crawling peg  |  -1.362812   .7137153    -1.91   0.056    -2.761669     .036044
       Managed floating  |  -2.061604   1.731552    -1.19   0.234    -5.455384    1.332176
        Freely floating  |   2.923094   1.526163     1.92   0.055    -.0681314    5.914319
                         |
                  DA_pc8 |  -.0086015   .0919714    -0.09   0.925    -.1888621    .1716591
               DC_total1 |  -.3153845   .1755125    -1.80   0.072    -.6593826    .0286136
             DD_overall2 |   .2483792   .1460107     1.70   0.089    -.0377965     .534555
                DE_total |   .0958487   .0639691     1.50   0.134    -.0295285    .2212259
             DG_nominal1 |   -.003756   .0201076    -0.19   0.852    -.0431662    .0356543
                country2 |   51.69639   3.386757    15.26   0.000     45.05847    58.33431
                country3 |   46.51964   2.363065    19.69   0.000     41.88812    51.15117
                country4 |   37.86297   2.101692    18.02   0.000     33.74373    41.98221
                country5 |   28.08345    2.89724     9.69   0.000     22.40496    33.76193
                country6 |   52.49073   2.446669    21.45   0.000     47.69534    57.28611
                country7 |   48.34893   2.105043    22.97   0.000     44.22312    52.47474
                country8 |   50.98554   2.040735    24.98   0.000     46.98578    54.98531
                country9 |   48.27777   2.810307    17.18   0.000     42.76967    53.78587
               country10 |   61.53743   2.874141    21.41   0.000     55.90422    67.17064
               country11 |   61.23031   1.770343    34.59   0.000     57.76051    64.70012
               country12 |   29.37194   2.781982    10.56   0.000     23.91936    34.82453
               country13 |   1.846211    3.30758     0.56   0.577    -4.636526    8.328949
               country14 |   .3214545   3.588384     0.09   0.929    -6.711649    7.354558
               country15 |   49.87289   2.866862    17.40   0.000     44.25394    55.49183
               country16 |   55.02214   2.429836    22.64   0.000     50.25975    59.78453
               country17 |   53.79926   3.193198    16.85   0.000     47.54071    60.05782
               country18 |   48.12065   1.694147    28.40   0.000     44.80019    51.44112
                   OA_11 |  -.0371244   .8458765    -0.04   0.965    -1.695012    1.620763
                   _cons |   31.32892    5.94862     5.27   0.000     19.66983      42.988
-------------------------+----------------------------------------------------------------
                     rho |   .4869224
------------------------------------------------------------------------------------------
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        237
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9630
Estimated autocorrelations =         1          Wald chi2(27)     =  160293.35
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -75.35693   18.39918    -4.10   0.000    -111.4187    -39.2952
             BB_dunning3 |   .0296126   .0105771     2.80   0.005     .0088819    .0503433
                         |
c.CC_gini3#c.BB_dunning3 |  -.1155544   .0398249    -2.90   0.004    -.1936098   -.0374989
                         |
                   OB_01 |
  De facto crawling peg  |  -.6206559   .8632985    -0.72   0.472     -2.31269    1.071378
       Managed floating  |  -.4397621   1.459106    -0.30   0.763    -3.299557    2.420033
        Freely floating  |   .2989934   .8156547     0.37   0.714     -1.29966    1.897647
                         |
                  DA_pc8 |   .2329666   .1169018     1.99   0.046     .0038433      .46209
               DC_total1 |  -.2655539   .1368451    -1.94   0.052    -.5337654    .0026576
             DD_overall2 |   .1480675   .1825995     0.81   0.417     -.209821    .5059559
                DE_total |   .4264567    .087302     4.88   0.000     .2553479    .5975654
             DG_nominal1 |  -.1990159   .0165533   -12.02   0.000    -.2314598    -.166572
                country2 |   16.54976   2.464191     6.72   0.000     11.72003    21.37948
                country3 |   52.21056   2.332606    22.38   0.000     47.63873    56.78238
                country4 |   16.04176   2.090093     7.68   0.000     11.94526    20.13827
                country5 |   17.91665   3.087843     5.80   0.000     11.86459    23.96871
                country6 |   16.33236   2.517661     6.49   0.000     11.39784    21.26689
                country7 |   8.186172    1.93272     4.24   0.000     4.398111    11.97423
                country8 |   6.519761   1.794399     3.63   0.000     3.002804    10.03672
                country9 |   63.69312   2.745556    23.20   0.000     58.31193    69.07431
               country10 |   9.645863   2.581461     3.74   0.000     4.586292    14.70543
               country11 |  -9.028123    1.98757    -4.54   0.000    -12.92369   -5.132558
               country12 |   41.18485   1.687259    24.41   0.000     37.87788    44.49182
               country13 |   12.59024    3.08357     4.08   0.000     6.546549    18.63392
               country14 |   11.04616   2.843209     3.89   0.000     5.473572    16.61875
               country15 |   18.72718   2.516329     7.44   0.000     13.79527     23.6591
               country16 |   18.77468   2.520366     7.45   0.000     13.83485     23.7145
               country17 |   11.77487   2.041087     5.77   0.000      7.77441    15.77532
               country18 |  -5.246713   1.833921    -2.86   0.004    -8.841132   -1.652294
                   OA_14 |  -.0046972   .0032478    -1.45   0.148    -.0110628    .0016684
                   _cons |   20.25561   6.920894     2.93   0.003     6.690906    33.82031
-------------------------+----------------------------------------------------------------
                     rho |   .5292006
------------------------------------------------------------------------------------------
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        237
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.166667
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9631
Estimated autocorrelations =         1          Wald chi2(27)     =   74946.19
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -73.32944   18.50612    -3.96   0.000    -109.6008   -37.05811
             BB_dunning3 |   .0307696   .0098956     3.11   0.002     .0113746    .0501645
                         |
c.CC_gini3#c.BB_dunning3 |  -.1243618   .0372055    -3.34   0.001    -.1972831   -.0514404
                         |
                   OB_01 |
  De facto crawling peg  |  -.6340983   .8553818    -0.74   0.459    -2.310616    1.042419
       Managed floating  |  -.3553895   1.455737    -0.24   0.807    -3.208581    2.497802
        Freely floating  |   .4286322    .816022     0.53   0.599    -1.170742    2.028006
                         |
                  DA_pc8 |   .2056416   .1131331     1.82   0.069    -.0160952    .4273783
               DC_total1 |  -.2921632   .1353138    -2.16   0.031    -.5573733    -.026953
             DD_overall2 |   .1442105   .1832842     0.79   0.431    -.2150199    .5034409
                DE_total |   .4260634   .0867028     4.91   0.000     .2561291    .5959978
             DG_nominal1 |  -.1951353   .0158228   -12.33   0.000    -.2261475   -.1641231
                country2 |   17.72846   2.504691     7.08   0.000     12.81936    22.63756
                country3 |    53.5543   2.337661    22.91   0.000     48.97257    58.13603
                country4 |   15.70678    2.20303     7.13   0.000     11.38892    20.02464
                country5 |   18.98794   3.060184     6.20   0.000     12.99009    24.98579
                country6 |   16.61543   2.520798     6.59   0.000     11.67476     21.5561
                country7 |   9.473059   1.940986     4.88   0.000     5.668796    13.27732
                country8 |   7.707656   1.826174     4.22   0.000     4.128421    11.28689
                country9 |   64.83083   2.802214    23.14   0.000     59.33859    70.32307
               country10 |    10.9348   2.609211     4.19   0.000     5.820838    16.04876
               country11 |  -7.851369   1.998183    -3.93   0.000    -11.76774   -3.935003
               country12 |   41.30058   1.733002    23.83   0.000     37.90396     44.6972
               country13 |   11.98632     3.1463     3.81   0.000     5.819683    18.15295
               country14 |   11.34465   2.838784     4.00   0.000     5.780734    16.90856
               country15 |   19.26822   2.541413     7.58   0.000     14.28714    24.24929
               country16 |   19.95423   2.484728     8.03   0.000     15.08425    24.82421
               country17 |    12.7316   2.096708     6.07   0.000     8.622124    16.84107
               country18 |   -4.07841   1.866052    -2.19   0.029    -7.735804   -.4210153
                   OA_14 |  -.0042415   .0032186    -1.32   0.188      -.01055    .0020669
                   _cons |   18.21682   6.831057     2.67   0.008     4.828189    31.60544
-------------------------+----------------------------------------------------------------
                     rho |   .5473514
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        235
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.055556
                                                              max =         21
Estimated covariances      =       171          R-squared         =     0.9751
Estimated autocorrelations =         1          Wald chi2(26)     =   23331.45
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -31.83786   20.49031    -1.55   0.120    -71.99813    8.322418
             BB_dunning3 |   .0341271   .0118419     2.88   0.004     .0109173    .0573369
                         |
c.CC_gini3#c.BB_dunning3 |  -.1481457   .0432413    -3.43   0.001    -.2328971   -.0633943
                         |
                   OB_01 |
  De facto crawling peg  |  -1.450822   .6939341    -2.09   0.037    -2.810908    -.090736
       Managed floating  |  -2.168409   1.709462    -1.27   0.205    -5.518892    1.182075
        Freely floating  |   3.193753   1.473087     2.17   0.030     .3065561     6.08095
                         |
                  DA_pc8 |   .0011799    .091256     0.01   0.990    -.1776785    .1800384
               DC_total1 |  -.4229164   .1456277    -2.90   0.004    -.7083415   -.1374913
             DD_overall2 |   .2214715     .15115     1.47   0.143     -.074777      .51772
                DE_total |   .0802843    .064961     1.24   0.217    -.0470369    .2076056
             DG_nominal1 |   .0006073   .0209237     0.03   0.977    -.0404024    .0416171
                country2 |   52.18505   3.557869    14.67   0.000     45.21176    59.15835
                country3 |   46.07144   2.275945    20.24   0.000     41.61067     50.5322
                country4 |   38.25667   2.137989    17.89   0.000     34.06629    42.44705
                country5 |   26.87753   2.586197    10.39   0.000     21.80867    31.94638
                country6 |   52.52693   2.471312    21.25   0.000     47.68325    57.37062
                country7 |   48.63611   2.168549    22.43   0.000     44.38583    52.88639
                country8 |   51.19939   2.126325    24.08   0.000     47.03187    55.36691
                country9 |   48.57016   2.802607    17.33   0.000     43.07715    54.06317
               country10 |   62.37646   2.768176    22.53   0.000     56.95093    67.80199
               country11 |   61.25549    1.76579    34.69   0.000     57.79461    64.71638
               country12 |   28.82791   2.638455    10.93   0.000     23.65663    33.99919
               country13 |   1.979991   3.293156     0.60   0.548    -4.474475    8.434458
               country14 |   .7930337    3.70731     0.21   0.831    -6.473161    8.059228
               country15 |   50.00333   2.913404    17.16   0.000     44.29317     55.7135
               country16 |    55.8335   2.695278    20.72   0.000     50.55085    61.11615
               country17 |   54.43474   3.163859    17.21   0.000     48.23369    60.63579
               country18 |   48.24558   1.686935    28.60   0.000     44.93925    51.55191
                   OA_14 |   .0036067   .0039685     0.91   0.363    -.0041713    .0113848
                   _cons |   30.54875    6.06489     5.04   0.000     18.66178    42.43572
-------------------------+----------------------------------------------------------------
                     rho |   .4929158
------------------------------------------------------------------------------------------
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        221
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.277778
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9655
Estimated autocorrelations =         1          Wald chi2(26)     =  534953.57
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -87.91901   22.67052    -3.88   0.000    -132.3524    -43.4856
             BB_dunning3 |   .0279629   .0117015     2.39   0.017     .0050283    .0508974
                         |
c.CC_gini3#c.BB_dunning3 |   -.109698   .0444883    -2.47   0.014    -.1968936   -.0225025
                         |
                   OB_01 |
  De facto crawling peg  |  -1.112504   .8624935    -1.29   0.197     -2.80296    .5779519
       Managed floating  |  -.8576297   1.409687    -0.61   0.543    -3.620565    1.905306
        Freely floating  |  -.0996517   .8170565    -0.12   0.903    -1.701053     1.50175
                         |
                  DA_pc8 |   .2505591   .1213866     2.06   0.039     .0126459    .4884724
               DC_total1 |   -.243571   .1114365    -2.19   0.029    -.4619825   -.0251594
             DD_overall2 |   .0752302   .1904203     0.40   0.693    -.2979868    .4484471
                DE_total |   .4742968   .0851541     5.57   0.000     .3073978    .6411959
             DG_nominal1 |  -.1856174   .0181347   -10.24   0.000    -.2211609    -.150074
                country2 |   14.73653   2.781677     5.30   0.000     9.284544    20.18852
                country3 |   52.09104   2.309377    22.56   0.000     47.56475    56.61734
                country4 |   15.88058    2.07511     7.65   0.000     11.81343    19.94772
                country5 |   16.37283   2.696157     6.07   0.000     11.08846     21.6572
                country6 |   16.04474   2.369465     6.77   0.000     11.40067     20.6888
                country7 |   8.905112   1.970141     4.52   0.000     5.043706    12.76652
                country8 |   7.668451   1.891418     4.05   0.000     3.961341    11.37556
                country9 |    65.8435    2.71375    24.26   0.000     60.52464    71.16235
               country10 |   8.322788   2.411215     3.45   0.001     3.596893    13.04868
               country11 |   -9.22912   2.014221    -4.58   0.000    -13.17692    -5.28132
               country12 |   42.51266   1.855455    22.91   0.000     38.87604    46.14929
               country13 |   12.91661   2.978535     4.34   0.000     7.078785    18.75443
               country14 |   12.04478   2.724465     4.42   0.000      6.70493    17.38464
               country15 |   22.22867   2.697243     8.24   0.000     16.94217    27.51517
               country16 |   19.54535   2.503069     7.81   0.000     14.63943    24.45128
               country17 |   12.78433   1.790053     7.14   0.000      9.27589    16.29277
               country18 |  -4.012852   1.724073    -2.33   0.020    -7.391973   -.6337308
                   OA_21 |  -3.293285   .9843256    -3.35   0.001    -5.222528   -1.364042
                   _cons |   20.82049   8.314088     2.50   0.012     4.525181    37.11581
-------------------------+----------------------------------------------------------------
                     rho |   .4955484
------------------------------------------------------------------------------------------
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        221
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.277778
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9650
Estimated autocorrelations =         1          Wald chi2(27)     =   87963.45
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   -84.4755    22.5772    -3.74   0.000     -128.726   -40.22501
             BB_dunning3 |    .028358     .01089     2.60   0.009      .007014     .049702
                         |
c.CC_gini3#c.BB_dunning3 |  -.1153953   .0412889    -2.79   0.005    -.1963201   -.0344705
                         |
                   OB_01 |
  De facto crawling peg  |  -1.045258   .8498996    -1.23   0.219    -2.711031    .6205145
       Managed floating  |  -.6834798   1.407844    -0.49   0.627    -3.442803    2.075843
        Freely floating  |   .0789425   .8016049     0.10   0.922    -1.492174    1.650059
                         |
                  DA_pc8 |    .210842   .1167899     1.81   0.071     -.018062     .439746
               DC_total1 |  -.2713212   .1095792    -2.48   0.013    -.4860925     -.05655
             DD_overall2 |   .0526188   .1912534     0.28   0.783    -.3222309    .4274686
                DE_total |   .4818178   .0857758     5.62   0.000     .3137004    .6499352
             DG_nominal1 |  -.1827561    .017393   -10.51   0.000    -.2168458   -.1486665
                country2 |   16.08448   2.851733     5.64   0.000     10.49519    21.67377
                country3 |   53.63861   2.320061    23.12   0.000     49.09138    58.18585
                country4 |   15.55622   2.204306     7.06   0.000     11.23586    19.87658
                country5 |   17.64575   2.687249     6.57   0.000     12.37884    22.91266
                country6 |   16.38538    2.39085     6.85   0.000      11.6994    21.07136
                country7 |   10.22073   1.986832     5.14   0.000     6.326608    14.11485
                country8 |   8.783413   1.940077     4.53   0.000     4.980932    12.58589
                country9 |   67.04258   2.737871    24.49   0.000     61.67645    72.40871
               country10 |   9.470486   2.506827     3.78   0.000     4.557195    14.38378
               country11 |  -8.129739   2.027934    -4.01   0.000    -12.10442   -4.155061
               country12 |   42.68874    1.86971    22.83   0.000     39.02418    46.35331
               country13 |   12.04855   3.068334     3.93   0.000     6.034722    18.06237
               country14 |   12.29847   2.757237     4.46   0.000     6.894383    17.70255
               country15 |    22.4963   2.707297     8.31   0.000     17.19009     27.8025
               country16 |   20.84462   2.499396     8.34   0.000     15.94589    25.74335
               country17 |   13.71786   1.861677     7.37   0.000     10.06905    17.36668
               country18 |   -2.79153   1.763111    -1.58   0.113    -6.247163    .6641034
                   OA_21 |  -3.025252   .9662925    -3.13   0.002    -4.919151   -1.131354
                   _cons |   18.08557   8.284184     2.18   0.029     1.848867    34.32227
-------------------------+----------------------------------------------------------------
                     rho |    .526537
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        219
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.166667
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9760
Estimated autocorrelations =         1          Wald chi2(23)     =  304957.38
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   -26.7281   24.47514    -1.09   0.275     -74.6985     21.2423
             BB_dunning3 |   .0355297   .0127066     2.80   0.005     .0106252    .0604341
                         |
c.CC_gini3#c.BB_dunning3 |  -.1537777   .0466365    -3.30   0.001    -.2451835   -.0623718
                         |
                   OB_01 |
  De facto crawling peg  |  -1.167551   .7009882    -1.67   0.096    -2.541462     .206361
       Managed floating  |  -1.381193   1.805739    -0.76   0.444    -4.920376     2.15799
        Freely floating  |    2.86469   1.274068     2.25   0.025      .367562    5.361817
                         |
                  DA_pc8 |     -.0321   .0996575    -0.32   0.747    -.2274251    .1632251
               DC_total1 |  -.3033126    .105129    -2.89   0.004    -.5093616   -.0972636
             DD_overall2 |   .1231135   .1638856     0.75   0.453    -.1980964    .4443233
                DE_total |   .1639246   .0725245     2.26   0.024     .0217792      .30607
             DG_nominal1 |   .0194209   .0227537     0.85   0.393    -.0251755    .0640173
                country2 |   51.61871   3.623924    14.24   0.000     44.51595    58.72147
                country3 |   47.12503   2.391151    19.71   0.000     42.43846     51.8116
                country4 |   38.06842   1.966922    19.35   0.000     34.21333    41.92352
                country5 |    28.9481    2.63872    10.97   0.000      23.7763    34.11989
                country6 |   52.80114   2.553126    20.68   0.000      47.7971    57.80517
                country7 |   48.48923   2.091513    23.18   0.000     44.38994    52.58852
                country8 |   51.11218   2.091213    24.44   0.000     47.01348    55.21089
                country9 |   48.84706   2.822222    17.31   0.000     43.31561    54.37852
               country10 |   59.71544   2.479877    24.08   0.000     54.85497    64.57591
               country11 |   59.90028    1.80301    33.22   0.000     56.36644    63.43411
               country12 |   30.06733   2.810037    10.70   0.000     24.55975     35.5749
               country13 |  -.0732826   3.388071    -0.02   0.983     -6.71378    6.567215
               country14 |   .1587561   3.593526     0.04   0.965    -6.884426    7.201938
               country15 |   50.07007   3.172915    15.78   0.000     43.85127    56.28887
               country16 |   55.33436   2.359194    23.45   0.000     50.71042    59.95829
               country17 |    52.8832   2.948298    17.94   0.000     47.10464    58.66176
               country18 |   48.60652   1.790062    27.15   0.000     45.09807    52.11498
                   OA_21 |  -.3439145   1.141427    -0.30   0.763    -2.581069     1.89324
                   _cons |   22.73469   8.360495     2.72   0.007      6.34842    39.12096
-------------------------+----------------------------------------------------------------
                     rho |   .4839921
------------------------------------------------------------------------------------------
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        221
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.277778
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9647
Estimated autocorrelations =         1          Wald chi2(28)     = 1242677.44
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -83.72814   22.96306    -3.65   0.000    -128.7349   -38.72138
             BB_dunning3 |   .0290384   .0114589     2.53   0.011     .0065794    .0514974
                         |
c.CC_gini3#c.BB_dunning3 |  -.1133698   .0437711    -2.59   0.010    -.1991597   -.0275799
                         |
                   OB_01 |
  De facto crawling peg  |  -1.071555   .8475701    -1.26   0.206    -2.732762    .5896515
       Managed floating  |   -.268403   1.387578    -0.19   0.847    -2.988005    2.451199
        Freely floating  |   .1279375   .8143629     0.16   0.875    -1.468184    1.724059
                         |
                  DA_pc8 |   .2479252   .1210852     2.05   0.041     .0106026    .4852478
               DC_total1 |  -.3125164   .1147994    -2.72   0.006    -.5375192   -.0875136
             DD_overall2 |   .1145016    .195306     0.59   0.558    -.2682911    .4972942
                DE_total |   .5083593   .0876056     5.80   0.000     .3366554    .6800633
             DG_nominal1 |   -.192863   .0190659   -10.12   0.000    -.2302315   -.1554945
                country2 |    15.5214    2.82537     5.49   0.000     9.983782    21.05903
                country3 |   52.59583   2.360022    22.29   0.000     47.97027    57.22139
                country4 |   16.40588   2.107903     7.78   0.000     12.27447    20.53729
                country5 |   17.27273   2.766017     6.24   0.000     11.85143    22.69402
                country6 |   16.95093   2.456358     6.90   0.000     12.13656    21.76531
                country7 |   9.396679   2.050463     4.58   0.000     5.377845    13.41551
                country8 |   8.262591   1.959347     4.22   0.000      4.42234    12.10284
                country9 |   66.36935   2.787979    23.81   0.000     60.90501    71.83369
               country10 |   9.037119   2.525606     3.58   0.000     4.087022    13.98722
               country11 |  -9.410463   2.098505    -4.48   0.000    -13.52346    -5.29747
               country12 |   42.65271   1.919387    22.22   0.000     38.89078    46.41464
               country13 |   12.23529    2.99498     4.09   0.000     6.365237    18.10534
               country14 |   12.11533   2.696948     4.49   0.000     6.829413    17.40125
               country15 |   22.32112   2.687882     8.30   0.000     17.05297    27.58927
               country16 |   19.09753   2.583641     7.39   0.000     14.03369    24.16138
               country17 |   12.16384   1.860266     6.54   0.000      8.51779     15.8099
               country18 |   -4.09687   1.804061    -2.27   0.023    -7.632765   -.5609752
                   OA_24 |  -.0141172   .0041559    -3.40   0.001    -.0222625   -.0059718
                   _cons |   16.25298   8.195529     1.98   0.047     .1900352    32.31592
-------------------------+----------------------------------------------------------------
                     rho |   .5085316
------------------------------------------------------------------------------------------
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        221
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.277778
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9643
Estimated autocorrelations =         1          Wald chi2(25)     =  653157.52
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -80.73039   22.84665    -3.53   0.000     -125.509   -35.95178
             BB_dunning3 |   .0294569    .010672     2.76   0.006     .0085402    .0503737
                         |
c.CC_gini3#c.BB_dunning3 |   -.119208   .0406578    -2.93   0.003    -.1988958   -.0395201
                         |
                   OB_01 |
  De facto crawling peg  |  -1.016683   .8366434    -1.22   0.224    -2.656474    .6231081
       Managed floating  |  -.1722682   1.393316    -0.12   0.902    -2.903117     2.55858
        Freely floating  |    .280698   .7991302     0.35   0.725    -1.285568    1.846964
                         |
                  DA_pc8 |   .2095918   .1167095     1.80   0.073    -.0191547    .4383382
               DC_total1 |  -.3335661   .1123533    -2.97   0.003    -.5537745   -.1133577
             DD_overall2 |   .0899319    .195634     0.46   0.646    -.2935037    .4733676
                DE_total |   .5131034   .0879233     5.84   0.000     .3407769    .6854299
             DG_nominal1 |  -.1892809   .0182897   -10.35   0.000     -.225128   -.1534337
                country2 |   16.78492   2.885894     5.82   0.000     11.12867    22.44117
                country3 |   54.08645    2.36763    22.84   0.000     49.44598    58.72692
                country4 |   16.03673   2.239526     7.16   0.000     11.64734    20.42612
                country5 |   18.47285   2.751336     6.71   0.000     13.08034    23.86537
                country6 |   17.21323   2.467627     6.98   0.000     12.37677    22.04969
                country7 |   10.66448   2.065035     5.16   0.000     6.617086    14.71188
                country8 |   9.327676   2.009031     4.64   0.000     5.390049     13.2653
                country9 |   67.51382   2.810035    24.03   0.000     62.00625    73.02138
               country10 |   10.12389   2.614389     3.87   0.000     4.999777    15.24799
               country11 |   -8.29903   2.108448    -3.94   0.000    -12.43151   -4.166549
               country12 |   42.81527   1.935248    22.12   0.000     39.02225    46.60829
               country13 |   11.45387   3.083728     3.71   0.000     5.409872    17.49786
               country14 |   12.38253   2.725038     4.54   0.000      7.04155     17.7235
               country15 |   22.60738   2.703871     8.36   0.000     17.30789    27.90687
               country16 |   20.44349   2.573819     7.94   0.000      15.3989    25.48808
               country17 |   13.16242    1.93154     6.81   0.000     9.376668    16.94816
               country18 |  -2.863238   1.838108    -1.56   0.119    -6.465864    .7393879
                   OA_24 |  -.0130517   .0040947    -3.19   0.001    -.0210773   -.0050262
                   _cons |    13.8941   8.149411     1.70   0.088    -2.078451    29.86665
-------------------------+----------------------------------------------------------------
                     rho |   .5361716
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        219
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.166667
                                                              max =         16
Estimated covariances      =       171          R-squared         =     0.9761
Estimated autocorrelations =         1          Wald chi2(22)     =   18843.73
Estimated coefficients     =        30          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -29.18098   24.84726    -1.17   0.240    -77.88072    19.51876
             BB_dunning3 |   .0357409    .012568     2.84   0.004     .0111081    .0603737
                         |
c.CC_gini3#c.BB_dunning3 |  -.1546088   .0461902    -3.35   0.001    -.2451399   -.0640777
                         |
                   OB_01 |
  De facto crawling peg  |  -1.214119    .706448    -1.72   0.086    -2.598732    .1704934
       Managed floating  |  -1.314973   1.825645    -0.72   0.471    -4.893172    2.263226
        Freely floating  |   2.833482   1.255697     2.26   0.024     .3723614    5.294602
                         |
                  DA_pc8 |  -.0318492   .0994522    -0.32   0.749     -.226772    .1630736
               DC_total1 |  -.3022383   .0984021    -3.07   0.002    -.4951028   -.1093738
             DD_overall2 |   .1410102   .1662533     0.85   0.396    -.1848402    .4668606
                DE_total |   .1710351   .0726396     2.35   0.019     .0286642     .313406
             DG_nominal1 |   .0173994   .0226614     0.77   0.443    -.0270162     .061815
                country2 |   51.51777   3.691225    13.96   0.000      44.2831    58.75244
                country3 |   47.21226   2.382376    19.82   0.000     42.54289    51.88164
                country4 |   38.08093   2.007308    18.97   0.000     34.14668    42.01518
                country5 |   29.09882    2.62364    11.09   0.000     23.95658    34.24106
                country6 |     52.923   2.539875    20.84   0.000     47.94494    57.90106
                country7 |   48.61635   2.086167    23.30   0.000     44.52754    52.70517
                country8 |   51.33623   2.003713    25.62   0.000     47.40903    55.26344
                country9 |   49.08608   2.825728    17.37   0.000     43.54776    54.62441
               country10 |   59.86508   2.506848    23.88   0.000     54.95175    64.77841
               country11 |   59.91128   1.791596    33.44   0.000     56.39981    63.42274
               country12 |   30.25134   2.769269    10.92   0.000     24.82367    35.67901
               country13 |  -.0409557   3.358559    -0.01   0.990     -6.62361    6.541698
               country14 |    .192628   3.561994     0.05   0.957    -6.788752    7.174008
               country15 |   50.43291   3.064145    16.46   0.000     44.42729    56.43852
               country16 |   55.13007   2.424601    22.74   0.000     50.37794     59.8822
               country17 |   52.81182   2.939309    17.97   0.000     47.05088    58.57276
               country18 |   48.63382   1.790668    27.16   0.000     45.12417    52.14346
                   OA_24 |  -.0030031   .0052901    -0.57   0.570    -.0133715    .0073653
                   _cons |   22.75669   8.065169     2.82   0.005     6.949246    38.56413
-------------------------+----------------------------------------------------------------
                     rho |   .4826442
------------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        185
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    11.5625
                                                              max =         16
Estimated covariances      =       136          R-squared         =     0.9749
Estimated autocorrelations =         1          Wald chi2(21)     =   18637.77
Estimated coefficients     =        28          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -25.55492   20.24901    -1.26   0.207    -65.24225     14.1324
             BB_dunning3 |   .0467324   .0106326     4.40   0.000     .0258929    .0675719
                         |
c.CC_gini3#c.BB_dunning3 |  -.1835466   .0415976    -4.41   0.000    -.2650764   -.1020168
                         |
                   OB_01 |
  De facto crawling peg  |  -.6418916   .7610102    -0.84   0.399    -2.133444    .8496611
       Managed floating  |   -1.50259   1.395821    -1.08   0.282    -4.238349     1.23317
        Freely floating  |  -.9193562   .8732484    -1.05   0.292    -2.630892    .7921792
                         |
                  DA_pc8 |   .4507306   .1335199     3.38   0.001     .1890364    .7124248
               DC_total1 |  -.1112229    .113546    -0.98   0.327     -.333769    .1113232
             DD_overall2 |   .2592542   .2255462     1.15   0.250    -.1828083    .7013167
                DE_total |   .2555492   .0925382     2.76   0.006     .0741776    .4369209
             DG_nominal1 |  -.1826521   .0195911    -9.32   0.000      -.22105   -.1442542
                country2 |   16.80878   2.660463     6.32   0.000     11.59437     22.0232
                country3 |   46.69553   2.279108    20.49   0.000     42.22856     51.1625
                country4 |          0  (omitted)
                country5 |   14.50876   2.524041     5.75   0.000     9.561729    19.45579
                country6 |   13.50468   2.349055     5.75   0.000     8.900622    18.10875
                country7 |   3.032065   1.786607     1.70   0.090    -.4696196     6.53375
                country8 |    4.67113   1.910826     2.44   0.015     .9259801    8.416279
                country9 |   49.37012   3.309898    14.92   0.000     42.88284     55.8574
               country10 |   5.524421   2.416919     2.29   0.022     .7873464    10.26149
               country11 |   -12.8211   2.231139    -5.75   0.000    -17.19405   -8.448146
               country12 |   38.20008   1.752571    21.80   0.000      34.7651    41.63505
               country13 |   8.967496   3.524702     2.54   0.011     2.059208    15.87578
               country14 |   10.68529   2.683351     3.98   0.000     5.426015    15.94456
               country15 |   19.44457   2.707832     7.18   0.000     14.13732    24.75183
               country16 |   18.96452   2.664288     7.12   0.000     13.74261    24.18643
               country17 |   5.945392   2.211287     2.69   0.007     1.611348    10.27944
               country18 |          0  (omitted)
                 CB_voc8 |  -.0787776   .0430131    -1.83   0.067    -.1630818    .0055265
                   _cons |   19.88864   6.766688     2.94   0.003     6.626174     33.1511
-------------------------+----------------------------------------------------------------
                     rho |    .422125
------------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        185
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    11.5625
                                                              max =         16
Estimated covariances      =       136          R-squared         =     0.9749
Estimated autocorrelations =         1          Wald chi2(22)     =   50027.13
Estimated coefficients     =        28          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -26.16131   20.36046    -1.28   0.199    -66.06708    13.74446
             BB_dunning3 |    .045032   .0104965     4.29   0.000     .0244592    .0656048
                         |
c.CC_gini3#c.BB_dunning3 |  -.1809558   .0409851    -4.42   0.000    -.2612851   -.1006266
                         |
                   OB_01 |
  De facto crawling peg  |  -.6852903   .7502213    -0.91   0.361    -2.155697    .7851165
       Managed floating  |  -1.484479   1.400451    -1.06   0.289    -4.229313    1.260354
        Freely floating  |  -.7886387   .8722156    -0.90   0.366     -2.49815    .9208726
                         |
                  DA_pc8 |   .4129712   .1304738     3.17   0.002     .1572473    .6686951
               DC_total1 |  -.1280727    .112006    -1.14   0.253    -.3476003    .0914549
             DD_overall2 |   .2772346   .2219201     1.25   0.212    -.1577207    .7121899
                DE_total |   .2489429    .090317     2.76   0.006     .0719247     .425961
             DG_nominal1 |  -.1822794   .0193493    -9.42   0.000    -.2202034   -.1443555
                country2 |   18.24919   2.742577     6.65   0.000     12.87384    23.62454
                country3 |   48.37425    2.25822    21.42   0.000     43.94822    52.80028
                country4 |          0  (omitted)
                country5 |   15.93253   2.548606     6.25   0.000     10.93736    20.92771
                country6 |   14.09778   2.396499     5.88   0.000     9.400731    18.79484
                country7 |   4.594251   1.729305     2.66   0.008     1.204875    7.983627
                country8 |   6.118675   1.922286     3.18   0.001     2.351063    9.886288
                country9 |   50.69258   3.107875    16.31   0.000     44.60125     56.7839
               country10 |    7.26223     2.3951     3.03   0.002      2.56792    11.95654
               country11 |   -11.4401   2.132166    -5.37   0.000    -15.61907   -7.261129
               country12 |   38.66896   1.810388    21.36   0.000     35.12067    42.21726
               country13 |   8.888679    3.50442     2.54   0.011     2.020142    15.75722
               country14 |   11.29285   2.752978     4.10   0.000     5.897113    16.68859
               country15 |   20.35723   2.765814     7.36   0.000     14.93633    25.77812
               country16 |   20.28093   2.641231     7.68   0.000     15.10422    25.45765
               country17 |   7.118911   2.170584     3.28   0.001     2.864645    11.37318
               country18 |          0  (omitted)
                 CB_voc8 |  -.0808251   .0411673    -1.96   0.050    -.1615116   -.0001386
                   _cons |   18.86379    6.77998     2.78   0.005     5.575276    32.15231
-------------------------+----------------------------------------------------------------
                     rho |   .4527126
------------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        183
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    11.4375
                                                              max =         16
Estimated covariances      =       136          R-squared         =     0.9847
Estimated autocorrelations =         1          Wald chi2(21)     =  478071.34
Estimated coefficients     =        28          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -37.18212   17.95765    -2.07   0.038    -72.37848   -1.985772
             BB_dunning3 |    .057599   .0136777     4.21   0.000     .0307911    .0844068
                         |
c.CC_gini3#c.BB_dunning3 |  -.2415478   .0528499    -4.57   0.000    -.3451318   -.1379639
                         |
                   OB_01 |
  De facto crawling peg  |   -1.29237   .6985909    -1.85   0.064    -2.661583    .0768426
       Managed floating  |  -3.298316   1.629448    -2.02   0.043    -6.491975   -.1046571
        Freely floating  |   2.273849   1.186689     1.92   0.055    -.0520189    4.599718
                         |
                  DA_pc8 |    .036644   .1030367     0.36   0.722    -.1653042    .2385923
               DC_total1 |  -.1984737   .1039056    -1.91   0.056    -.4021249    .0051776
             DD_overall2 |   .4598839   .2279758     2.02   0.044     .0130597    .9067082
                DE_total |  -.0131432   .0904806    -0.15   0.885     -.190482    .1641956
             DG_nominal1 |  -.0424105    .019966    -2.12   0.034    -.0815432   -.0032778
                country2 |   50.80976   3.704272    13.72   0.000     43.54952       58.07
                country3 |   42.45566   2.263362    18.76   0.000     38.01956    46.89177
                country4 |          0  (omitted)
                country5 |   25.78066   2.652517     9.72   0.000     20.58183     30.9795
                country6 |    51.0527   2.723417    18.75   0.000      45.7149     56.3905
                country7 |   46.41596   2.162263    21.47   0.000       42.178    50.65391
                country8 |   50.36297   2.337523    21.55   0.000     45.78151    54.94443
                country9 |   44.05428   3.385418    13.01   0.000     37.41898    50.68958
               country10 |   60.80977    2.80994    21.64   0.000     55.30239    66.31715
               country11 |   60.63336   2.152018    28.18   0.000     56.41549    64.85124
               country12 |   26.62229   2.713858     9.81   0.000     21.30323    31.94135
               country13 |   4.014846   4.137361     0.97   0.332    -4.094232    12.12393
               country14 |  -.0594942   3.667779    -0.02   0.987    -7.248209    7.129221
               country15 |    50.0088   3.331916    15.01   0.000     43.47836    56.53923
               country16 |   53.61344   2.578764    20.79   0.000     48.55915    58.66772
               country17 |   53.92993   3.029246    17.80   0.000     47.99272    59.86715
               country18 |          0  (omitted)
                 CB_voc8 |   .0569721   .0531644     1.07   0.284    -.0472282    .1611725
                   _cons |   38.66321   4.762759     8.12   0.000     29.32838    47.99805
-------------------------+----------------------------------------------------------------
                     rho |   .3890754
------------------------------------------------------------------------------------------

.         
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables P
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach social of varlist OA_01 OA_04 OA_11 OA_14 OA_21 OA_24 CB_voc8 {
  2. 
. global wages_wage_reg1 "xtpcse c.DD_overall3 c.$WC##c.$NTR $controls_wages  `social' , pairw
> ise correlation(ar1)"
  3. global wages_wage_reg2 "xtpcse c.DD_rate1 c.$WC##c.$NTR $controls_wages  `social' , pairw
> ise correlation(ar1)"
  4. global wages_wage_reg3 "xtpcse c.DD_manu1 c.$WC##c.$NTR $controls_wages  `social' , pairw
> ise correlation(ar1)"
  5. 
. forvalues x=1/3 {
  6.         capture noisily ${wages_wage_reg`x'} 
  7.                 }
  8.         }

Number of gaps in sample:  10
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        183
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    11.4375
                                                              max =         21
Estimated covariances      =       136          R-squared         =     0.8975
Estimated autocorrelations =         1          Wald chi2(22)     =    6343.61
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -33.12196   18.15166    -1.82   0.068    -68.69856     2.45464
            BB_dunning3 |  -.0010292   .0047548    -0.22   0.829    -.0103486    .0082901
                        |
c.CA_cent#c.BB_dunning3 |  -.0046305   .0096243    -0.48   0.630    -.0234938    .0142329
                        |
             CA_golden3 |  -2.406152   37.98385    -0.06   0.949    -76.85313    72.04083
                 DA_pc8 |   -.638318   .2162816    -2.95   0.003    -1.062222   -.2144138
              DC_total1 |  -.5425585    .233363    -2.32   0.020    -.9999416   -.0851753
               DE_total |   1.581211   .0720572    21.94   0.000     1.439982    1.722441
                DG_cpi5 |  -.7155758   .2790401    -2.56   0.010    -1.262484   -.1686673
               country2 |   2.998544   9.216508     0.33   0.745    -15.06548    21.06257
               country3 |   7.116885   6.110612     1.16   0.244    -4.859695    19.09346
               country4 |  -11.64276   7.093708    -1.64   0.101    -25.54617    2.260653
               country5 |   2.514925   5.387346     0.47   0.641     -8.04408    13.07393
               country6 |   -6.89195   7.067558    -0.98   0.329    -20.74411    6.960209
               country7 |  -17.82836   9.297737    -1.92   0.055    -36.05159    .3948705
               country8 |   8.334957   6.031544     1.38   0.167    -3.486652    20.15657
               country9 |          0  (omitted)
              country10 |   -18.2591    6.14583    -2.97   0.003    -30.30471   -6.213497
              country11 |  -5.928368   8.293991    -0.71   0.475    -22.18429    10.32755
              country12 |  -4.758158    5.45609    -0.87   0.383     -15.4519    5.935582
              country13 |          0  (omitted)
              country14 |    .748523   5.136196     0.15   0.884    -9.318237    10.81528
              country15 |  -18.53237   8.285879    -2.24   0.025     -34.7724    -2.29235
              country16 |  -12.68501   7.704414    -1.65   0.100    -27.78538    2.415366
              country17 |  -10.75647   9.802861    -1.10   0.273    -29.96972    8.456786
              country18 |  -12.29524   9.239377    -1.33   0.183    -30.40409    5.813602
                  OA_01 |    .937685   .4327632     2.17   0.030     .0894847    1.785885
                  _cons |  -33.53474   12.88585    -2.60   0.009    -58.79054   -8.278947
------------------------+----------------------------------------------------------------
                    rho |   .6281304
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        131
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.916667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9236
Estimated autocorrelations =         1          Wald chi2(20)     =   33254.97
Estimated coefficients     =        21          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   8.165933   12.14467     0.67   0.501    -15.63719    31.96906
            BB_dunning3 |   .0311741    .012315     2.53   0.011     .0070372     .055311
                        |
c.CA_cent#c.BB_dunning3 |  -.0630217   .0254329    -2.48   0.013    -.1128693    -.013174
                        |
             CA_golden3 |  -61.82167   33.00113    -1.87   0.061    -126.5027    2.859362
                 DA_pc8 |  -.3131452   .2042307    -1.53   0.125    -.7134301    .0871396
              DC_total1 |   -.235663   .1791164    -1.32   0.188    -.5867247    .1153987
               DE_total |   1.131996   .0484193    23.38   0.000     1.037096    1.226897
                DG_cpi5 |  -.9587679   .2706389    -3.54   0.000     -1.48921   -.4283255
               country2 |   28.34096   6.353333     4.46   0.000     15.88865    40.79326
               country3 |    14.3307   3.321163     4.31   0.000     7.821341    20.84006
               country4 |          0  (omitted)
               country5 |    2.11814   4.263339     0.50   0.619    -6.237851    10.47413
               country6 |          0  (omitted)
               country7 |   10.54392   5.372871     1.96   0.050     .0132888    21.07456
               country8 |   12.34055   3.447937     3.58   0.000     5.582719    19.09838
               country9 |          0  (omitted)
              country10 |    7.34359   3.562565     2.06   0.039     .3610901    14.32609
              country11 |   33.74619   4.792812     7.04   0.000     24.35245    43.13992
              country12 |   10.82365   3.065183     3.53   0.000     4.815997    16.83129
              country13 |          0  (omitted)
              country14 |   2.893728   3.124475     0.93   0.354    -3.230131    9.017586
              country15 |   2.523771   4.937511     0.51   0.609    -7.153574    12.20112
              country16 |          0  (omitted)
              country17 |   4.477714    5.64626     0.79   0.428    -6.588752    15.54418
              country18 |          0  (omitted)
                  OA_01 |   .1390883   .3059485     0.45   0.649    -.4605598    .7387364
                  _cons |  -39.17336     9.5215    -4.11   0.000    -57.83516   -20.51156
------------------------+----------------------------------------------------------------
                    rho |   .4097186
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         53
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  17.666667
                                                              max =         21
Estimated covariances      =         6          R-squared         =     0.9475
Estimated autocorrelations =         1          Wald chi2(11)     =    1566.83
Estimated coefficients     =        12          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   92.86774   31.74925     2.93   0.003     30.64035    155.0951
            BB_dunning3 |   .0088073   .0071399     1.23   0.217    -.0051866    .0228013
                        |
c.CA_cent#c.BB_dunning3 |  -.0414383   .0307873    -1.35   0.178    -.1017804    .0189038
                        |
             CA_golden3 |    46.2369   22.60642     2.05   0.041     1.929119    90.54468
                 DA_pc8 |  -.4235418   .1015674    -4.17   0.000    -.6226103   -.2244734
              DC_total1 |  -.9303443   .1585663    -5.87   0.000    -1.241129   -.6195601
               DE_total |   1.272365   .0493746    25.77   0.000     1.175593    1.369137
                DG_cpi5 |  -.5086547   .1635068    -3.11   0.002    -.8291222   -.1881872
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |   24.34039   5.187501     4.69   0.000     14.17307     34.5077
               country5 |          0  (omitted)
               country6 |          0  (omitted)
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |   31.18353   8.187029     3.81   0.000     15.13725    47.22981
                  OA_01 |    1.11348   .1959844     5.68   0.000     .7293578    1.497602
                  _cons |   -93.4896   13.46613    -6.94   0.000    -119.8827   -67.09647
------------------------+----------------------------------------------------------------
                    rho |   .5221721
-----------------------------------------------------------------------------------------

Number of gaps in sample:  10
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        183
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    11.4375
                                                              max =         21
Estimated covariances      =       136          R-squared         =     0.9500
Estimated autocorrelations =         1          Wald chi2(24)     =    6182.02
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -20.40219   11.75693    -1.74   0.083    -43.44535    2.640959
            BB_dunning3 |   .0043223   .0035545     1.22   0.224    -.0026443    .0112889
                        |
c.CA_cent#c.BB_dunning3 |   -.009689   .0076726    -1.26   0.207    -.0247271    .0053491
                        |
             CA_golden3 |  -8.635878   22.88441    -0.38   0.706    -53.48849    36.21674
                 DA_pc8 |  -.2387219   .1224011    -1.95   0.051    -.4786237    .0011798
              DC_total1 |  -.3526888   .1786675    -1.97   0.048    -.7028706    -.002507
               DE_total |   .4009248   .1597446     2.51   0.012     .0878312    .7140185
                DG_cpi5 |  -.1992522   .1685418    -1.18   0.237     -.529588    .1310835
               country2 |  -20.51806   6.219951    -3.30   0.001    -32.70894   -8.327184
               country3 |  -5.154115   4.868956    -1.06   0.290    -14.69709    4.388862
               country4 |  -14.18435   5.108116    -2.78   0.005    -24.19607   -4.172626
               country5 |  -9.654084   4.096454    -2.36   0.018    -17.68299   -1.625181
               country6 |  -21.41855   5.149884    -4.16   0.000    -31.51214   -11.32496
               country7 |  -27.13472   6.741727    -4.02   0.000    -40.34826   -13.92118
               country8 |  -6.285751   4.768285    -1.32   0.187    -15.63142    3.059916
               country9 |          0  (omitted)
              country10 |  -20.44725   4.143708    -4.93   0.000    -28.56877   -12.32573
              country11 |  -.4678706    5.67327    -0.08   0.934    -11.58727    10.65153
              country12 |  -13.46787   4.192003    -3.21   0.001    -21.68404   -5.251691
              country13 |          0  (omitted)
              country14 |  -17.28452   4.169565    -4.15   0.000    -25.45672   -9.112323
              country15 |  -39.89165   5.902902    -6.76   0.000    -51.46112   -28.32217
              country16 |  -4.865519   5.284469    -0.92   0.357    -15.22289    5.491849
              country17 |  -7.301848   6.856595    -1.06   0.287    -20.74053    6.136832
              country18 |  -13.69438   6.503976    -2.11   0.035    -26.44194   -.9468196
                  OA_04 |   .0120198   .0013626     8.82   0.000     .0093492    .0146904
                  _cons |   33.11827   12.41693     2.67   0.008     8.781527    57.45501
------------------------+----------------------------------------------------------------
                    rho |   .7520278
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        131
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.916667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9548
Estimated autocorrelations =         1          Wald chi2(19)     =  182870.68
Estimated coefficients     =        21          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   11.13912   7.919927     1.41   0.160    -4.383652    26.66189
            BB_dunning3 |   .0259141   .0091123     2.84   0.004     .0080543    .0437739
                        |
c.CA_cent#c.BB_dunning3 |  -.0553925   .0187445    -2.96   0.003     -.092131    -.018654
                        |
             CA_golden3 |  -27.02441   24.90024    -1.09   0.278    -75.82798    21.77917
                 DA_pc8 |  -.1212916   .1350658    -0.90   0.369    -.3860158    .1434326
              DC_total1 |   -.152478     .13121    -1.16   0.245    -.4096449    .1046889
               DE_total |   .3524812   .1099051     3.21   0.001     .1370711    .5678912
                DG_cpi5 |  -.4262148   .1843555    -2.31   0.021     -.787545   -.0648846
               country2 |    9.84958   4.438197     2.22   0.026     1.150874    18.54829
               country3 |  -.5600945   2.925217    -0.19   0.848    -6.293414    5.173225
               country4 |          0  (omitted)
               country5 |  -16.82924   3.334444    -5.05   0.000    -23.36463   -10.29385
               country6 |          0  (omitted)
               country7 |  -3.275474   3.897073    -0.84   0.401     -10.9136    4.362648
               country8 |  -2.515208   2.851322    -0.88   0.378    -8.103696    3.073279
               country9 |          0  (omitted)
              country10 |   .8419766   2.525478     0.33   0.739    -4.107869    5.791822
              country11 |   35.81099   3.094748    11.57   0.000      29.7454    41.87659
              country12 |   .4058179   2.283571     0.18   0.859    -4.069899    4.881535
              country13 |          0  (omitted)
              country14 |  -14.09829   2.645075    -5.33   0.000    -19.28255    -8.91404
              country15 |  -20.08593   3.577209    -5.61   0.000    -27.09713   -13.07473
              country16 |          0  (omitted)
              country17 |   2.626625   3.994271     0.66   0.511    -5.202003    10.45525
              country18 |          0  (omitted)
                  OA_04 |   .0075077    .000942     7.97   0.000     .0056615    .0093539
                  _cons |   3.305394   7.966853     0.41   0.678    -12.30935    18.92014
------------------------+----------------------------------------------------------------
                    rho |   .4994031
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         53
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  17.666667
                                                              max =         21
Estimated covariances      =         6          R-squared         =     0.9527
Estimated autocorrelations =         1          Wald chi2(11)     =    1673.98
Estimated coefficients     =        12          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   51.04102   23.69721     2.15   0.031     4.595339     97.4867
            BB_dunning3 |   .0086743   .0059232     1.46   0.143     -.002935    .0202837
                        |
c.CA_cent#c.BB_dunning3 |  -.0317186   .0245595    -1.29   0.197    -.0798543    .0164171
                        |
             CA_golden3 |   22.99748   15.38384     1.49   0.135    -7.154285    53.14925
                 DA_pc8 |  -.2598081   .0787487    -3.30   0.001    -.4141527   -.1054636
              DC_total1 |  -.5523476   .0995524    -5.55   0.000    -.7474666   -.3572285
               DE_total |    .618791   .0886195     6.98   0.000     .4451001     .792482
                DG_cpi5 |  -.3482878   .1234286    -2.82   0.005    -.5902034   -.1063722
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |  -.8932923   3.017449    -0.30   0.767    -6.807383    5.020798
               country5 |          0  (omitted)
               country6 |  -20.14774   5.973374    -3.37   0.001    -31.85534   -8.440142
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |          0  (omitted)
                  OA_04 |   .0068747   .0008494     8.09   0.000     .0052099    .0085395
                  _cons |  -12.77009    5.97053    -2.14   0.032    -24.47211   -1.068067
------------------------+----------------------------------------------------------------
                    rho |   .6756209
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        185
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    11.5625
                                                              max =         21
Estimated covariances      =       136          R-squared         =     0.8884
Estimated autocorrelations =         1          Wald chi2(21)     =  105174.61
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -37.73811    19.7829    -1.91   0.056    -76.51189    1.035656
            BB_dunning3 |   -.000431   .0053622    -0.08   0.936    -.0109408    .0100788
                        |
c.CA_cent#c.BB_dunning3 |  -.0087194   .0107341    -0.81   0.417    -.0297579    .0123191
                        |
             CA_golden3 |  -4.584342   39.96764    -0.11   0.909    -82.91947    73.75079
                 DA_pc8 |  -.7967493   .2104826    -3.79   0.000    -1.209288   -.3842109
              DC_total1 |  -.4642716   .3272228    -1.42   0.156    -1.105617    .1770733
               DE_total |   1.659433   .0615712    26.95   0.000     1.538755     1.78011
                DG_cpi5 |  -.8877395   .2830551    -3.14   0.002    -1.442517   -.3329617
               country2 |   14.41566   8.219926     1.75   0.079      -1.6951    30.52642
               country3 |   13.25303   4.791533     2.77   0.006     3.861798    22.64426
               country4 |  -11.42051    7.68839    -1.49   0.137    -26.48947    3.648461
               country5 |   6.782818   5.838687     1.16   0.245    -4.660797    18.22643
               country6 |   1.615695    5.09622     0.32   0.751    -8.372713     11.6041
               country7 |  -9.569709   8.474749    -1.13   0.259    -26.17991    7.040494
               country8 |   15.81097   4.624591     3.42   0.001     6.746933      24.875
               country9 |          0  (omitted)
              country10 |  -12.64492   6.612116    -1.91   0.056    -25.60442    .3145933
              country11 |  -8.156612   8.740921    -0.93   0.351     -25.2885    8.975279
              country12 |    .852047   4.701957     0.18   0.856    -8.363619    10.06771
              country13 |          0  (omitted)
              country14 |   9.583109   3.634549     2.64   0.008     2.459524    16.70669
              country15 |  -4.559784   4.105198    -1.11   0.267    -12.60582    3.486257
              country16 |  -13.44413   7.744015    -1.74   0.083    -28.62212    1.733865
              country17 |  -9.324066   10.73009    -0.87   0.385    -30.35466    11.70653
              country18 |  -14.22443   10.22794    -1.39   0.164    -34.27082    5.821968
                  OA_11 |   1.503751   1.794642     0.84   0.402    -2.013683    5.021185
                  _cons |  -24.82934   13.35413    -1.86   0.063    -51.00296    1.344286
------------------------+----------------------------------------------------------------
                    rho |   .5976234
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        131
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.916667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9233
Estimated autocorrelations =         1          Wald chi2(20)     =   34305.67
Estimated coefficients     =        21          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   7.986525   12.56866     0.64   0.525    -16.64759    32.62064
            BB_dunning3 |    .032473   .0120647     2.69   0.007     .0088266    .0561193
                        |
c.CA_cent#c.BB_dunning3 |  -.0659326   .0247952    -2.66   0.008    -.1145303   -.0173349
                        |
             CA_golden3 |  -61.14307   33.14702    -1.84   0.065      -126.11    3.823895
                 DA_pc8 |  -.3385563   .2004202    -1.69   0.091    -.7313726    .0542601
              DC_total1 |   -.217259   .1917327    -1.13   0.257    -.5930483    .1585302
               DE_total |   1.139525   .0481928    23.65   0.000     1.045069    1.233981
                DG_cpi5 |  -.9901761   .2594261    -3.82   0.000    -1.498642   -.4817102
               country2 |   29.79827   5.640042     5.28   0.000     18.74399    40.85255
               country3 |   15.20598   2.737313     5.56   0.000     9.840947    20.57102
               country4 |          0  (omitted)
               country5 |   3.160991   4.265767     0.74   0.459    -5.199758    11.52174
               country6 |          0  (omitted)
               country7 |   11.87936   4.622043     2.57   0.010     2.820325     20.9384
               country8 |   13.52155   2.285049     5.92   0.000     9.042937    18.00017
               country9 |          0  (omitted)
              country10 |   8.198905   3.776113     2.17   0.030     .7978605    15.59995
              country11 |   33.47157   4.859976     6.89   0.000     23.94619    42.99695
              country12 |   11.68362   2.795972     4.18   0.000     6.203613    17.16362
              country13 |          0  (omitted)
              country14 |   4.092059   2.137584     1.91   0.056    -.0975278    8.281646
              country15 |   4.547509   2.173834     2.09   0.036     .2868718    8.808145
              country16 |          0  (omitted)
              country17 |   4.763893   6.131397     0.78   0.437    -7.253424    16.78121
              country18 |          0  (omitted)
                  OA_11 |   .1762786   1.306954     0.13   0.893    -2.385304    2.737861
                  _cons |  -37.71763   9.241394    -4.08   0.000    -55.83043   -19.60483
------------------------+----------------------------------------------------------------
                    rho |   .4023077
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         53
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  17.666667
                                                              max =         21
Estimated covariances      =         6          R-squared         =     0.9489
Estimated autocorrelations =         1          Wald chi2(12)     =   25766.43
Estimated coefficients     =        12          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   127.6628   39.61122     3.22   0.001     50.02625    205.2994
            BB_dunning3 |   .0031234   .0085124     0.37   0.714    -.0135606    .0198074
                        |
c.CA_cent#c.BB_dunning3 |  -.0221995   .0385771    -0.58   0.565    -.0978092    .0534102
                        |
             CA_golden3 |   34.46527   31.36587     1.10   0.272    -27.01071    95.94124
                 DA_pc8 |  -.7983903   .1459383    -5.47   0.000    -1.084424   -.5123565
              DC_total1 |  -.5255401   .2908409    -1.81   0.071    -1.095578    .0444975
               DE_total |   1.238086   .0722356    17.14   0.000     1.096507    1.379665
                DG_cpi5 |  -.7121205   .2082451    -3.42   0.001    -1.120273   -.3039676
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |  -59.02173   10.86446    -5.43   0.000    -80.31567   -37.72779
               country5 |          0  (omitted)
               country6 |   -80.3332   15.77411    -5.09   0.000    -111.2499   -49.41652
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |  -48.60266   7.866915    -6.18   0.000    -64.02153   -33.18379
                  OA_11 |   .9190894    1.08149     0.85   0.395    -1.200592     3.03877
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .3279694
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        185
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    11.5625
                                                              max =         21
Estimated covariances      =       136          R-squared         =     0.9007
Estimated autocorrelations =         1          Wald chi2(20)     =   15515.27
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -28.91673   18.71098    -1.55   0.122    -65.58957    7.756114
            BB_dunning3 |   .0015205   .0054447     0.28   0.780    -.0091508    .0121919
                        |
c.CA_cent#c.BB_dunning3 |  -.0115992   .0110443    -1.05   0.294    -.0332457    .0100473
                        |
             CA_golden3 |  -10.87955   38.64478    -0.28   0.778    -86.62194    64.86283
                 DA_pc8 |  -.7233428   .1815872    -3.98   0.000    -1.079247   -.3674383
              DC_total1 |  -1.053096   .3141866    -3.35   0.001    -1.668891   -.4373017
               DE_total |    1.53382   .0798751    19.20   0.000     1.377268    1.690373
                DG_cpi5 |  -.8287842     .25581    -3.24   0.001    -1.330163   -.3274057
               country2 |    9.37733   8.005476     1.17   0.241    -6.313115    25.06777
               country3 |   10.86913   4.805448     2.26   0.024     1.450624    20.28764
               country4 |  -9.836493   7.266606    -1.35   0.176    -24.07878    4.405792
               country5 |  -1.713072   5.670349    -0.30   0.763    -12.82675    9.400608
               country6 |   .0662245   4.833502     0.01   0.989    -9.407266    9.539715
               country7 |  -6.516702   7.997613    -0.81   0.415    -22.19174     9.15833
               country8 |   15.71501   4.297414     3.66   0.000     7.292231    24.13778
               country9 |          0  (omitted)
              country10 |  -6.220246   6.560416    -0.95   0.343    -19.07842    6.637933
              country11 |  -5.539273   8.239565    -0.67   0.501    -21.68852    10.60998
              country12 |  -4.029263   4.883362    -0.83   0.409    -13.60048     5.54195
              country13 |          0  (omitted)
              country14 |   6.994284   3.653219     1.91   0.056    -.1658928    14.15446
              country15 |   -7.82502   4.161386    -1.88   0.060    -15.98119    .3311473
              country16 |  -11.92608   7.424303    -1.61   0.108    -26.47745    2.625287
              country17 |  -2.749383   10.33596    -0.27   0.790    -23.00748    17.50872
              country18 |  -9.354001   9.736468    -0.96   0.337    -28.43713    9.729125
                  OA_14 |   .0273789   .0096598     2.83   0.005     .0084461    .0463117
                  _cons |   -19.5914   12.09427    -1.62   0.105    -43.29572     4.11293
------------------------+----------------------------------------------------------------
                    rho |   .6353763
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        131
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.916667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9247
Estimated autocorrelations =         1          Wald chi2(20)     =   38667.70
Estimated coefficients     =        21          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |    12.0859   13.22082     0.91   0.361    -13.82642    37.99822
            BB_dunning3 |   .0351155    .012605     2.79   0.005     .0104101    .0598208
                        |
c.CA_cent#c.BB_dunning3 |  -.0710198   .0257662    -2.76   0.006    -.1215207   -.0205189
                        |
             CA_golden3 |  -60.53788   34.22932    -1.77   0.077    -127.6261    6.550351
                 DA_pc8 |  -.3293327   .1924449    -1.71   0.087    -.7065178    .0478524
              DC_total1 |  -.3868569   .1630085    -2.37   0.018    -.7063477   -.0673661
               DE_total |   1.087004   .0567309    19.16   0.000     .9758134    1.198195
                DG_cpi5 |  -.9895451   .2563805    -3.86   0.000    -1.492042   -.4870487
               country2 |   27.52054   5.970756     4.61   0.000     15.81807    39.22301
               country3 |   13.04461   2.698667     4.83   0.000     7.755325     18.3339
               country4 |          0  (omitted)
               country5 |  -2.148316   4.121699    -0.52   0.602     -10.2267    5.930065
               country6 |          0  (omitted)
               country7 |   12.83519    4.71607     2.72   0.006     3.591859    22.07851
               country8 |   13.55773    2.21029     6.13   0.000     9.225644    17.88982
               country9 |          0  (omitted)
              country10 |   10.54521   3.901657     2.70   0.007       2.8981    18.19231
              country11 |   34.80483   4.922116     7.07   0.000     25.15766      44.452
              country12 |   9.421835   2.538763     3.71   0.000     4.445952    14.39772
              country13 |          0  (omitted)
              country14 |   4.519448   2.176023     2.08   0.038     .2545217    8.784375
              country15 |   3.292635   2.069289     1.59   0.112    -.7630981    7.348367
              country16 |          0  (omitted)
              country17 |   7.370336   6.370004     1.16   0.247    -5.114641    19.85531
              country18 |          0  (omitted)
                  OA_14 |   .0090251   .0054746     1.65   0.099    -.0017049    .0197552
                  _cons |  -35.98474   7.981424    -4.51   0.000    -51.62805   -20.34144
------------------------+----------------------------------------------------------------
                    rho |   .3910979
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         53
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  17.666667
                                                              max =         21
Estimated covariances      =         6          R-squared         =     0.9476
Estimated autocorrelations =         1          Wald chi2(12)     =   25163.65
Estimated coefficients     =        12          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   149.8135   39.95949     3.75   0.000     71.49435    228.1327
            BB_dunning3 |   .0109457   .0085829     1.28   0.202    -.0058765    .0277679
                        |
c.CA_cent#c.BB_dunning3 |  -.0447214   .0360131    -1.24   0.214    -.1153059     .025863
                        |
             CA_golden3 |   34.47599   29.65969     1.16   0.245    -23.65594    92.60791
                 DA_pc8 |  -.7208552   .1326556    -5.43   0.000    -.9808554    -.460855
              DC_total1 |   -1.25034   .4055123    -3.08   0.002     -2.04513   -.4555507
               DE_total |    1.15947   .0732403    15.83   0.000     1.015922    1.303018
                DG_cpi5 |  -.8546574   .2072001    -4.12   0.000    -1.260762   -.4485527
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |  -58.18083   10.41025    -5.59   0.000    -78.58455   -37.77711
               country5 |          0  (omitted)
               country6 |  -83.17781   15.23103    -5.46   0.000    -113.0301   -53.32554
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |  -43.71795   7.690292    -5.68   0.000    -58.79065   -28.64526
                  OA_14 |   .0235212   .0097739     2.41   0.016     .0043647    .0426776
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .3838283
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        167
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    10.4375
                                                              max =         16
Estimated covariances      =       136          R-squared         =     0.9212
Estimated autocorrelations =         1          Wald chi2(18)     =    5448.00
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -35.30064   18.63017    -1.89   0.058     -71.8151    1.213824
            BB_dunning3 |  -.0020607   .0057283    -0.36   0.719    -.0132879    .0091665
                        |
c.CA_cent#c.BB_dunning3 |  -.0026762   .0109888    -0.24   0.808    -.0242138    .0188615
                        |
             CA_golden3 |  -.5979415   39.27411    -0.02   0.988    -77.57379    76.37791
                 DA_pc8 |  -1.046117   .2165546    -4.83   0.000    -1.470556   -.6216777
              DC_total1 |   .0369367    .208684     0.18   0.860    -.3720765    .4459499
               DE_total |   1.719792   .0685567    25.09   0.000     1.585423    1.854161
                DG_cpi5 |  -.3016294   .3090617    -0.98   0.329    -.9073793    .3041205
               country2 |   14.42113   7.657546     1.88   0.060    -.5873872    29.42964
               country3 |   13.29738   4.594316     2.89   0.004     4.292687    22.30207
               country4 |  -11.02664   7.343236    -1.50   0.133    -25.41912    3.365838
               country5 |   10.63107   3.362296     3.16   0.002     4.041093    17.22105
               country6 |   1.829884   5.249992     0.35   0.727    -8.459911    12.11968
               country7 |  -9.431729   8.230718    -1.15   0.252    -25.56364    6.700182
               country8 |   13.65147   4.862804     2.81   0.005     4.120546    23.18239
               country9 |          0  (omitted)
              country10 |  -11.61143   5.613575    -2.07   0.039    -22.61383    -.609025
              country11 |  -9.964714   7.788724    -1.28   0.201    -25.23033    5.300904
              country12 |   2.524764   4.023516     0.63   0.530    -5.361183    10.41071
              country13 |          0  (omitted)
              country14 |   9.222248   3.535398     2.61   0.009     2.292996     16.1515
              country15 |  -6.456542   5.404293    -1.19   0.232    -17.04876    4.135678
              country16 |  -10.88616   7.797795    -1.40   0.163    -26.16956    4.397239
              country17 |  -7.843894   10.04065    -0.78   0.435     -27.5232    11.83541
              country18 |  -12.00804   9.290032    -1.29   0.196    -30.21617    6.200091
                  OA_21 |   2.015834   2.514574     0.80   0.423    -2.912639    6.944308
                  _cons |  -35.84509   13.23491    -2.71   0.007    -61.78504   -9.905146
------------------------+----------------------------------------------------------------
                    rho |   .6433201
-----------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        120
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =         10
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9426
Estimated autocorrelations =         1          Wald chi2(20)     =   62875.23
Estimated coefficients     =        21          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   5.342567   11.22372     0.48   0.634    -16.65551    27.34065
            BB_dunning3 |   .0281154   .0106365     2.64   0.008     .0072681    .0489626
                        |
c.CA_cent#c.BB_dunning3 |  -.0572514   .0218758    -2.62   0.009    -.1001271   -.0143757
                        |
             CA_golden3 |  -93.65552    36.2579    -2.58   0.010    -164.7197   -22.59134
                 DA_pc8 |  -.3792029   .1906793    -1.99   0.047    -.7529274   -.0054785
              DC_total1 |  -.0238219   .1977219    -0.12   0.904    -.4113497    .3637059
               DE_total |   1.192075   .0489121    24.37   0.000     1.096209    1.287941
                DG_cpi5 |  -.5946347   .2403755    -2.47   0.013    -1.065762   -.1235074
               country2 |   31.43782   4.820201     6.52   0.000      21.9904    40.88524
               country3 |   13.89827   2.223257     6.25   0.000      9.54077    18.25578
               country4 |          0  (omitted)
               country5 |   .9126734   3.125868     0.29   0.770    -5.213916    7.039262
               country6 |          0  (omitted)
               country7 |   10.01326   4.343346     2.31   0.021     1.500455    18.52606
               country8 |     11.198   2.213488     5.06   0.000     6.859644    15.53636
               country9 |          0  (omitted)
              country10 |   9.439033   2.915625     3.24   0.001     3.724512    15.15355
              country11 |    32.4097    4.26419     7.60   0.000     24.05204    40.76736
              country12 |    10.9725   2.284931     4.80   0.000     6.494116    15.45088
              country13 |          0  (omitted)
              country14 |   4.106041   1.826531     2.25   0.025     .5261049    7.685976
              country15 |   1.740004   3.477881     0.50   0.617    -5.076519    8.556526
              country16 |          0  (omitted)
              country17 |   4.388771   5.306149     0.83   0.408    -6.011089    14.78863
              country18 |          0  (omitted)
                  OA_21 |   2.003848   1.989418     1.01   0.314     -1.89534    5.903037
                  _cons |  -44.39848   8.764282    -5.07   0.000    -61.57615    -27.2208
------------------------+----------------------------------------------------------------
                    rho |   .3409266
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         48
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (balanced)         Obs per group:
Autocorrelation:  common AR(1)                                min =         16
                                                              avg =         16
                                                              max =         16
Estimated covariances      =         6          R-squared         =     0.9588
Estimated autocorrelations =         1          Wald chi2(12)     =   41741.14
Estimated coefficients     =        12          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   160.1584   41.07712     3.90   0.000     79.64873    240.6681
            BB_dunning3 |   -.001198   .0094398    -0.13   0.899    -.0196997    .0173036
                        |
c.CA_cent#c.BB_dunning3 |  -.0120673   .0415218    -0.29   0.771    -.0934485    .0693139
                        |
             CA_golden3 |   43.97239   29.67636     1.48   0.138     -14.1922     102.137
                 DA_pc8 |  -.9266618   .1599751    -5.79   0.000    -1.240207   -.6131164
              DC_total1 |  -.5960504   .1896079    -3.14   0.002    -.9676751   -.2244257
               DE_total |    1.25603   .0551229    22.79   0.000     1.147991    1.364069
                DG_cpi5 |  -.3927979   .3193338    -1.23   0.219    -1.018681    .2330848
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |  -70.37666    11.3244    -6.21   0.000    -92.57207   -48.18125
               country5 |          0  (omitted)
               country6 |  -100.2666   16.99407    -5.90   0.000    -133.5744   -66.95885
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |  -55.23665   7.796323    -7.08   0.000    -70.51716   -39.95614
                  OA_21 |   7.313701   2.527345     2.89   0.004     2.360196    12.26721
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .2626507
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        167
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =    10.4375
                                                              max =         16
Estimated covariances      =       136          R-squared         =     0.9300
Estimated autocorrelations =         1          Wald chi2(19)     =    6251.58
Estimated coefficients     =        25          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -37.48596    17.5109    -2.14   0.032     -71.8067   -3.165227
            BB_dunning3 |  -.0012137   .0059742    -0.20   0.839    -.0129229    .0104956
                        |
c.CA_cent#c.BB_dunning3 |   -.003534   .0115585    -0.31   0.760    -.0261882    .0191202
                        |
             CA_golden3 |  -3.195123   35.13757    -0.09   0.928     -72.0635    65.67325
                 DA_pc8 |  -.9812225   .1929663    -5.08   0.000    -1.359429   -.6030156
              DC_total1 |   -.024968   .1998991    -0.12   0.901     -.416763    .3668271
               DE_total |   1.571752   .0799209    19.67   0.000      1.41511    1.728394
                DG_cpi5 |  -.1790931   .2668569    -0.67   0.502     -.702123    .3439369
               country2 |   16.30492   7.247657     2.25   0.024     2.099776    30.51007
               country3 |   10.65863   4.442404     2.40   0.016     1.951683    19.36559
               country4 |  -12.07568   7.128922    -1.69   0.090    -26.04811    1.896749
               country5 |   8.931724    3.35699     2.66   0.008     2.352145     15.5113
               country6 |  -1.504683   4.959711    -0.30   0.762    -11.22554    8.216173
               country7 |  -11.88385   7.883093    -1.51   0.132    -27.33443    3.566731
               country8 |   9.886508   5.006774     1.97   0.048     .0734118     19.6996
               country9 |          0  (omitted)
              country10 |  -10.78614   5.326149    -2.03   0.043     -21.2252   -.3470782
              country11 |  -9.443039   7.271175    -1.30   0.194    -23.69428    4.808201
              country12 |  -1.321073   3.915364    -0.34   0.736    -8.995045    6.352898
              country13 |          0  (omitted)
              country14 |   5.690871   3.716164     1.53   0.126    -1.592676    12.97442
              country15 |   -14.0876    4.61928    -3.05   0.002    -23.14122   -5.033976
              country16 |  -10.03415   7.607043    -1.32   0.187    -24.94368    4.875377
              country17 |  -7.514693   9.555941    -0.79   0.432    -26.24399    11.21461
              country18 |  -12.13807   8.804087    -1.38   0.168    -29.39376    5.117627
                  OA_24 |   .0307513   .0098459     3.12   0.002     .0114537    .0500488
                  _cons |  -23.98317   12.97314    -1.85   0.065    -49.41007    1.443723
------------------------+----------------------------------------------------------------
                    rho |   .6871596
-----------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        120
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =         10
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9508
Estimated autocorrelations =         1          Wald chi2(20)     =   56750.47
Estimated coefficients     =        21          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   .7535244   10.36592     0.07   0.942     -19.5633    21.07035
            BB_dunning3 |   .0311335   .0102397     3.04   0.002     .0110639     .051203
                        |
c.CA_cent#c.BB_dunning3 |  -.0634623   .0208722    -3.04   0.002    -.1043711   -.0225535
                        |
             CA_golden3 |  -72.16905   31.68257    -2.28   0.023    -134.2657   -10.07235
                 DA_pc8 |  -.3480099   .1666653    -2.09   0.037     -.674668   -.0213519
              DC_total1 |  -.0320752   .1798912    -0.18   0.858    -.3846555    .3205051
               DE_total |   1.048627   .0636818    16.47   0.000     .9238129    1.173441
                DG_cpi5 |  -.4659679    .211163    -2.21   0.027    -.8798398    -.052096
               country2 |   33.87103   4.414611     7.67   0.000     25.21855    42.52351
               country3 |   10.92961   2.252753     4.85   0.000     6.514297    15.34493
               country4 |          0  (omitted)
               country5 |  -4.947908   2.997841    -1.65   0.099    -10.82357    .9277514
               country6 |          0  (omitted)
               country7 |    6.50886   4.195666     1.55   0.121    -1.714494    14.73221
               country8 |   8.016569   2.199017     3.65   0.000     3.706576    12.32656
               country9 |          0  (omitted)
              country10 |   9.103844   2.801343     3.25   0.001     3.613313    14.59437
              country11 |    31.7332   3.962681     8.01   0.000     23.96649    39.49991
              country12 |   7.562359   2.129675     3.55   0.000     3.388273    11.73644
              country13 |          0  (omitted)
              country14 |   2.544448   1.863521     1.37   0.172    -1.107986    6.196882
              country15 |  -4.732243   2.818659    -1.68   0.093    -10.25671    .7922278
              country16 |          0  (omitted)
              country17 |   2.847718   5.125395     0.56   0.578    -7.197872    12.89331
              country18 |          0  (omitted)
                  OA_24 |   .0260572   .0070832     3.68   0.000     .0121743      .03994
                  _cons |  -30.91608   8.803961    -3.51   0.000    -48.17152   -13.66063
------------------------+----------------------------------------------------------------
                    rho |   .4027343
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         48
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (balanced)         Obs per group:
Autocorrelation:  common AR(1)                                min =         16
                                                              avg =         16
                                                              max =         16
Estimated covariances      =         6          R-squared         =     0.9722
Estimated autocorrelations =         1          Wald chi2(12)     =   70164.00
Estimated coefficients     =        12          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   191.9675   38.17883     5.03   0.000     117.1384    266.7967
            BB_dunning3 |  -.0006342    .008427    -0.08   0.940    -.0171508    .0158824
                        |
c.CA_cent#c.BB_dunning3 |   -.012475   .0355938    -0.35   0.726    -.0822376    .0572876
                        |
             CA_golden3 |   35.06399   30.34836     1.16   0.248     -24.4177    94.54568
                 DA_pc8 |  -.9144434   .1433296    -6.38   0.000    -1.195364   -.6335225
              DC_total1 |  -.7989971   .1824746    -4.38   0.000    -1.156641   -.4413535
               DE_total |    1.06685   .0569757    18.72   0.000     .9551799     1.17852
                DG_cpi5 |   -.313122   .3012321    -1.04   0.299    -.9035261    .2772822
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |  -65.11056   9.991797    -6.52   0.000    -84.69412   -45.52699
               country5 |          0  (omitted)
               country6 |  -102.3194    15.1003    -6.78   0.000    -131.9154   -72.72335
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |  -44.49354   6.692054    -6.65   0.000    -57.60973   -31.37736
                  OA_24 |   .0733147   .0163634     4.48   0.000     .0412431    .1053863
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .1659113
-----------------------------------------------------------------------------------------

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country18 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        140
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =         10
                                                              max =         17
Estimated covariances      =       105          R-squared         =     0.9201
Estimated autocorrelations =         1          Wald chi2(16)     =    3250.37
Estimated coefficients     =        23          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   -3.29268   22.32453    -0.15   0.883    -47.04795    40.46259
            BB_dunning3 |   .0261039   .0164841     1.58   0.113    -.0062045    .0584122
                        |
c.CA_cent#c.BB_dunning3 |  -.0590442   .0301089    -1.96   0.050    -.1180566   -.0000318
                        |
             CA_golden3 |   10.25665   44.55985     0.23   0.818    -77.07906    97.59236
                 DA_pc8 |  -1.139413   .2804417    -4.06   0.000    -1.689069   -.5897577
              DC_total1 |   .2941444    .223982     1.31   0.189    -.1448523     .733141
               DE_total |    1.50442    .067986    22.13   0.000      1.37117     1.63767
                DG_cpi5 |  -.6592821   .3346364    -1.97   0.049    -1.315157   -.0034068
               country2 |  -6.115973   10.84333    -0.56   0.573    -27.36852    15.13657
               country3 |   8.298533   3.255977     2.55   0.011     1.916936    14.68013
               country4 |          0  (omitted)
               country5 |   1.129653   3.502144     0.32   0.747    -5.734423    7.993728
               country6 |   -4.12527   3.932071    -1.05   0.294    -11.83199    3.581449
               country7 |  -9.075011   7.325086    -1.24   0.215    -23.43192    5.281894
               country8 |   9.656383   3.511307     2.75   0.006     2.774347    16.53842
               country9 |          0  (omitted)
              country10 |  -16.68083   5.071137    -3.29   0.001    -26.62007   -6.741582
              country11 |  -7.731501   8.022804    -0.96   0.335    -23.45591    7.992907
              country12 |  -2.101155   3.426506    -0.61   0.540    -8.816983    4.614674
              country13 |          0  (omitted)
              country14 |   2.187374   3.584796     0.61   0.542    -4.838698    9.213445
              country15 |  -10.72713   4.413914    -2.43   0.015    -19.37824   -2.076017
              country16 |  -9.738825   6.942486    -1.40   0.161    -23.34585    3.868197
              country17 |  -6.682466   10.43845    -0.64   0.522    -27.14145    13.77652
              country18 |          0  (omitted)
                CB_voc8 |  -.1747147   .1039993    -1.68   0.093    -.3785496    .0291202
                  _cons |  -19.83348   14.19906    -1.40   0.162    -47.66312    7.996172
------------------------+----------------------------------------------------------------
                    rho |   .4816584
-----------------------------------------------------------------------------------------

Number of gaps in sample:  9
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        116
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  9.6666667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9520
Estimated autocorrelations =         1          Wald chi2(17)     =   14387.77
Estimated coefficients     =        21          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   17.04474   14.39169     1.18   0.236    -11.16245    45.25193
            BB_dunning3 |   .0166434     .00834     2.00   0.046     .0002974    .0329894
                        |
c.CA_cent#c.BB_dunning3 |  -.0328033   .0169836    -1.93   0.053    -.0660905     .000484
                        |
             CA_golden3 |  -55.33778   33.97504    -1.63   0.103    -121.9276    11.25208
                 DA_pc8 |  -.4787938   .2107652    -2.27   0.023    -.8918859   -.0657017
              DC_total1 |  -.0422022   .1839851    -0.23   0.819    -.4028064     .318402
               DE_total |   1.141821   .0430213    26.54   0.000     1.057501    1.226141
                DG_cpi5 |  -.7763305   .2755232    -2.82   0.005    -1.316346   -.2363149
               country2 |   24.46615   6.530376     3.75   0.000     11.66685    37.26545
               country3 |   14.73887   2.054218     7.17   0.000     10.71268    18.76506
               country4 |          0  (omitted)
               country5 |   2.210915   2.584387     0.86   0.392    -2.854391    7.276222
               country6 |          0  (omitted)
               country7 |   12.68952   5.412596     2.34   0.019     2.081027    23.29801
               country8 |   12.26106   2.722708     4.50   0.000     6.924646    17.59747
               country9 |          0  (omitted)
              country10 |   7.580948   3.588592     2.11   0.035     .5474374    14.61446
              country11 |   34.56031   6.121441     5.65   0.000      22.5625    46.55811
              country12 |   11.20593   2.202942     5.09   0.000     6.888241    15.52361
              country13 |          0  (omitted)
              country14 |   2.274716   2.424331     0.94   0.348    -2.476885    7.026318
              country15 |   3.302743   2.578076     1.28   0.200    -1.750194     8.35568
              country16 |          0  (omitted)
              country17 |   7.859606   7.202038     1.09   0.275    -6.256128    21.97534
              country18 |          0  (omitted)
                CB_voc8 |  -.0488827   .0749877    -0.65   0.514    -.1958558    .0980904
                  _cons |  -40.98518    10.7411    -3.82   0.000    -62.03735   -19.93301
------------------------+----------------------------------------------------------------
                    rho |   .4098863
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country4 omitted because of collinearity
note: country5 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         16
Time variable:    A_year                        Number of groups  =          1
Panels:           correlated (balanced)         Obs per group:
Autocorrelation:  common AR(1)                                min =         16
                                                              avg =         16
                                                              max =         16
Estimated covariances      =         1          R-squared         =     0.9984
Estimated autocorrelations =         1          Wald chi2(10)     =  237416.89
Estimated coefficients     =        10          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -47.84798   173.5092    -0.28   0.783    -387.9197    292.2237
            BB_dunning3 |    1.08201   7.297894     0.15   0.882     -13.2216    15.38562
                        |
c.CA_cent#c.BB_dunning3 |  -2.509212   18.74755    -0.13   0.894    -39.25373    34.23531
                        |
             CA_golden3 |   79.46994   19.54612     4.07   0.000     41.16026    117.7796
                 DA_pc8 |  -.8350774   .0898358    -9.30   0.000    -1.011152   -.6590025
              DC_total1 |   .1651183   .0916658     1.80   0.072    -.0145434      .34478
               DE_total |   1.204008   .0291175    41.35   0.000     1.146939    1.261077
                DG_cpi5 |   .5061135   .2680096     1.89   0.059    -.0191756    1.031403
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |          0  (omitted)
               country5 |          0  (omitted)
               country6 |  -10.17601   68.82383    -0.15   0.882    -145.0682    124.7162
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |          0  (omitted)
                CB_voc8 |  -.3071172   .2051416    -1.50   0.134    -.7091874    .0949531
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |  -.1399204
-----------------------------------------------------------------------------------------

. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables Q
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach social of varlist OA_01 OA_04 OA_11 OA_14 OA_21 OA_24 CB_voc8 {
  2. 
. global wages_ineq_reg1 "xtpcse c.DD_overall3 c.$IN##c.$NTR $controls_wages  `social' , pairw
> ise correlation(ar1)"
  3. global wages_ineq_reg2 "xtpcse c.DD_rate1 c.$IN##c.$NTR $controls_wages  `social' , pairw
> ise correlation(ar1)"
  4. global wages_ineq_reg3 "xtpcse c.DD_manu1 c.$IN##c.$NTR $controls_wages  `social' , pairw
> ise correlation(ar1)"
  5. 
. forvalues x=1/3 {
  6.         capture noisily ${wages_ineq_reg`x'} 
  7.                 }
  8.         }

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        170
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.333333
                                                              max =         21
Estimated covariances      =       120          R-squared         =     0.9093
Estimated autocorrelations =         1          Wald chi2(19)     =   44512.69
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   124.4694   36.28196     3.43   0.001     53.35806    195.5807
             BB_dunning3 |  -.0119467   .0100875    -1.18   0.236    -.0317178    .0078243
                         |
c.CC_gini3#c.BB_dunning3 |   .0370212   .0383738     0.96   0.335    -.0381899    .1122324
                         |
              CA_golden3 |   15.29777   30.63682     0.50   0.618     -44.7493    75.34483
                  DA_pc8 |  -.6276927    .194468    -3.23   0.001    -1.008843   -.2465423
               DC_total1 |  -.2688271   .2187556    -1.23   0.219    -.6975802     .159926
                DE_total |   1.451933   .0611282    23.75   0.000     1.332124    1.571742
                 DG_cpi5 |  -.5785452   .2518515    -2.30   0.022    -1.072165   -.0849254
                country2 |  -1.869543   6.274527    -0.30   0.766    -14.16739     10.4283
                country3 |    11.3023   5.371154     2.10   0.035     .7750355    21.82957
                country4 |  -4.957413    3.53832    -1.40   0.161    -11.89239    1.977566
                country5 |   11.88221   5.724522     2.08   0.038      .662352    23.10207
                country6 |   7.241503   6.738154     1.07   0.283    -5.965037    20.44804
                country7 |  -4.919433   5.840705    -0.84   0.400      -16.367    6.528139
                country8 |   17.15647   5.404596     3.17   0.002     6.563654    27.74928
                country9 |          0  (omitted)
               country10 |  -15.95696   4.337817    -3.68   0.000    -24.45892   -7.454993
               country11 |  -2.483673   4.353891    -0.57   0.568    -11.01714    6.049796
               country12 |   -1.85253   5.163454    -0.36   0.720    -11.97271    8.267654
               country13 |          0  (omitted)
               country14 |    5.38709   5.647322     0.95   0.340    -5.681458    16.45564
               country15 |  -3.241998    9.37351    -0.35   0.729    -21.61374    15.12974
               country16 |          0  (omitted)
               country17 |  -5.379214   3.561113    -1.51   0.131    -12.35887    1.600438
               country18 |  -10.67017   3.171357    -3.36   0.001    -16.88592   -4.454424
                   OA_01 |   .4560473     .42037     1.08   0.278    -.3678627    1.279957
                   _cons |   -68.5978   12.30423    -5.58   0.000    -92.71366   -44.48195
-------------------------+----------------------------------------------------------------
                     rho |   .5878669
------------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.666667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9398
Estimated autocorrelations =         1          Wald chi2(20)     =  154278.86
Estimated coefficients     =        21          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   144.5571    25.9807     5.56   0.000     93.63588    195.4784
             BB_dunning3 |  -.0222487   .0113747    -1.96   0.050    -.0445427    .0000454
                         |
c.CC_gini3#c.BB_dunning3 |   .0867336    .042408     2.05   0.041     .0036154    .1698518
                         |
              CA_golden3 |  -9.245367   25.87768    -0.36   0.721    -59.96468    41.47395
                  DA_pc8 |  -.4206931   .1836565    -2.29   0.022    -.7806533   -.0607329
               DC_total1 |   .0453144    .160672     0.28   0.778    -.2695968    .3602257
                DE_total |   1.057719   .0404247    26.17   0.000     .9784879     1.13695
                 DG_cpi5 |  -.4542492   .2188726    -2.08   0.038    -.8832316   -.0252668
                country2 |   45.95888   3.985068    11.53   0.000     38.14829    53.76947
                country3 |    19.4677    3.40002     5.73   0.000     12.80378    26.13162
                country4 |          0  (omitted)
                country5 |   19.43443    4.90811     3.96   0.000     9.814709    29.05415
                country6 |          0  (omitted)
                country7 |   13.44383    3.85191     3.49   0.000     5.894226    20.99343
                country8 |   21.36808   3.536045     6.04   0.000     14.43756     28.2986
                country9 |          0  (omitted)
               country10 |   4.376416   3.126386     1.40   0.162    -1.751187    10.50402
               country11 |   32.76805   2.736791    11.97   0.000     27.40404    38.13206
               country12 |   18.99086    3.32317     5.71   0.000     12.47757    25.50415
               country13 |          0  (omitted)
               country14 |   13.41876   3.955294     3.39   0.001     5.666524    21.17099
               country15 |    20.5164   5.666366     3.62   0.000     9.410526    31.62227
               country16 |          0  (omitted)
               country17 |  -2.060227   2.537719    -0.81   0.417    -7.034065    2.913612
               country18 |          0  (omitted)
                   OA_01 |   -.087273   .2815847    -0.31   0.757     -.639169    .4646229
                   _cons |  -73.77499   9.827548    -7.51   0.000    -93.03663   -54.51335
-------------------------+----------------------------------------------------------------
                     rho |   .5454337
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         53
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  17.666667
                                                              max =         21
Estimated covariances      =         6          R-squared         =     0.9530
Estimated autocorrelations =         1          Wald chi2(11)     =    1742.54
Estimated coefficients     =        12          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -255.8296   71.19382    -3.59   0.000     -395.367   -116.2923
             BB_dunning3 |   .0103944   .0276863     0.38   0.707    -.0438696    .0646585
                         |
c.CC_gini3#c.BB_dunning3 |   -.039959   .0887607    -0.45   0.653    -.2139268    .1340088
                         |
              CA_golden3 |   46.68672   22.84854     2.04   0.041     1.904404    91.46903
                  DA_pc8 |  -.5102897   .1088427    -4.69   0.000    -.7236175   -.2969618
               DC_total1 |  -.8094046   .1380254    -5.86   0.000    -1.079929   -.5388798
                DE_total |   1.610378   .0992642    16.22   0.000     1.415823    1.804932
                 DG_cpi5 |  -.5293819   .1534761    -3.45   0.001    -.8301896   -.2285743
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |   21.85016   4.058163     5.38   0.000     13.89631    29.80401
                country5 |          0  (omitted)
                country6 |          0  (omitted)
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |   35.52691   7.973514     4.46   0.000     19.89911    51.15471
                   OA_01 |   .7499112   .2030439     3.69   0.000     .3519524     1.14787
                   _cons |  -17.70293   12.24302    -1.45   0.148     -41.6988    6.292941
-------------------------+----------------------------------------------------------------
                     rho |   .4736345
------------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        170
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.333333
                                                              max =         21
Estimated covariances      =       120          R-squared         =     0.9563
Estimated autocorrelations =         1          Wald chi2(20)     =   10497.66
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   157.0276   37.10118     4.23   0.000     84.31067    229.7446
             BB_dunning3 |  -.0052884   .0081638    -0.65   0.517    -.0212892    .0107124
                         |
c.CC_gini3#c.BB_dunning3 |   .0211327   .0305076     0.69   0.488    -.0386612    .0809266
                         |
              CA_golden3 |   13.96164   20.15785     0.69   0.489    -25.54701     53.4703
                  DA_pc8 |  -.2818052   .1144971    -2.46   0.014    -.5062153   -.0573951
               DC_total1 |   -.218164   .1647631    -1.32   0.185    -.5410937    .1047658
                DE_total |   .4704047   .1493537     3.15   0.002     .1776769    .7631325
                 DG_cpi5 |  -.1274526   .1572102    -0.81   0.418    -.4355789    .1806737
                country2 |  -16.61926   3.730503    -4.45   0.000    -23.93091   -9.307611
                country3 |  -.6889212   3.351552    -0.21   0.837    -7.257843        5.88
                country4 |  -8.565089   2.007585    -4.27   0.000    -12.49988   -4.630295
                country5 |   2.300461   3.722909     0.62   0.537    -4.996305    9.597228
                country6 |  -6.064696   3.999947    -1.52   0.129    -13.90445    1.775056
                country7 |  -18.06146   3.024227    -5.97   0.000    -23.98883   -12.13408
                country8 |   3.321677   3.562583     0.93   0.351    -3.660857    10.30421
                country9 |          0  (omitted)
               country10 |  -21.49209   2.335841    -9.20   0.000    -26.07025   -16.91392
               country11 |  -.7633154   2.967035    -0.26   0.797    -6.578596    5.051965
               country12 |  -9.558837   2.744137    -3.48   0.000    -14.93725   -4.180427
               country13 |          0  (omitted)
               country14 |  -9.181585   3.702119    -2.48   0.013    -16.43761   -1.925565
               country15 |  -21.98405   5.590826    -3.93   0.000    -32.94187   -11.02624
               country16 |          0  (omitted)
               country17 |  -8.939965   2.397692    -3.73   0.000    -13.63936   -4.240576
               country18 |  -15.45564    1.76488    -8.76   0.000    -18.91474   -11.99654
                   OA_04 |   .0096225   .0012566     7.66   0.000     .0071597    .0120853
                   _cons |   -20.9989   11.85613    -1.77   0.077    -44.23648    2.238679
-------------------------+----------------------------------------------------------------
                     rho |   .7534184
------------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.666667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9696
Estimated autocorrelations =         1          Wald chi2(19)     =   48288.52
Estimated coefficients     =        21          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |    164.752   27.11169     6.08   0.000     111.6141      217.89
             BB_dunning3 |  -.0111041   .0083673    -1.33   0.184    -.0275037    .0052955
                         |
c.CC_gini3#c.BB_dunning3 |   .0387633   .0321013     1.21   0.227    -.0241541    .1016807
                         |
              CA_golden3 |   4.467021    19.3826     0.23   0.818    -33.52218    42.45622
                  DA_pc8 |  -.1304701    .117256    -1.11   0.266    -.3602876    .0993473
               DC_total1 |   .0014059   .1242709     0.01   0.991    -.2421606    .2449724
                DE_total |   .3176565   .1093358     2.91   0.004     .1033621    .5319508
                 DG_cpi5 |   -.102933   .1329965    -0.77   0.439    -.3636014    .1577354
                country2 |   28.29821   2.405049    11.77   0.000      23.5844    33.01201
                country3 |   3.580188   2.246854     1.59   0.111    -.8235643     7.98394
                country4 |          0  (omitted)
                country5 |   .0914398   3.269633     0.03   0.978    -6.316922    6.499802
                country6 |          0  (omitted)
                country7 |  -3.071283   2.147506    -1.43   0.153    -7.280317    1.137752
                country8 |   5.301847   2.100511     2.52   0.012      1.18492    9.418774
                country9 |          0  (omitted)
               country10 |  -4.037989   1.802523    -2.24   0.025    -7.570869   -.5051087
               country11 |   32.59499   1.649465    19.76   0.000      29.3621    35.82788
               country12 |   7.496294   1.855743     4.04   0.000     3.859106    11.13348
               country13 |          0  (omitted)
               country14 |  -3.986203    2.29686    -1.74   0.083    -8.487966    .5155609
               country15 |  -2.733729   3.348961    -0.82   0.414    -9.297571    3.830113
               country16 |          0  (omitted)
               country17 |  -7.350989   1.759376    -4.18   0.000     -10.7993   -3.902676
               country18 |          0  (omitted)
                   OA_04 |   .0070149   .0008582     8.17   0.000     .0053329    .0086969
                   _cons |  -39.53253    7.86216    -5.03   0.000    -54.94208   -24.12298
-------------------------+----------------------------------------------------------------
                     rho |   .6236617
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         53
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  17.666667
                                                              max =         21
Estimated covariances      =         6          R-squared         =     0.9557
Estimated autocorrelations =         1          Wald chi2(11)     =    1854.39
Estimated coefficients     =        12          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -141.3073   64.02738    -2.21   0.027    -266.7987   -15.81597
             BB_dunning3 |  -.0056079   .0218233    -0.26   0.797    -.0483808     .037165
                         |
c.CC_gini3#c.BB_dunning3 |   .0202714   .0698345     0.29   0.772    -.1166016    .1571444
                         |
              CA_golden3 |   26.70524   16.17346     1.65   0.099    -4.994153    58.40464
                  DA_pc8 |  -.3002472   .0835535    -3.59   0.000    -.4640091   -.1364852
               DC_total1 |  -.5306611   .0865579    -6.13   0.000    -.7003115   -.3610107
                DE_total |   .8570263   .1334392     6.42   0.000     .5954903    1.118562
                 DG_cpi5 |  -.3397072    .117393    -2.89   0.004    -.5697932   -.1096212
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |          0  (omitted)
                country5 |          0  (omitted)
                country6 |  -18.96868   3.616052    -5.25   0.000    -26.05601   -11.88135
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |   4.429309   4.816096     0.92   0.358    -5.010066    13.86868
                   OA_04 |   .0061974   .0008433     7.35   0.000     .0045446    .0078501
                   _cons |   22.10791   11.80859     1.87   0.061    -1.036492    45.25231
-------------------------+----------------------------------------------------------------
                     rho |   .6349276
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        172
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.466667
                                                              max =         21
Estimated covariances      =       120          R-squared         =     0.9055
Estimated autocorrelations =         1          Wald chi2(19)     =    8631.52
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   126.2108   38.41335     3.29   0.001     50.92206    201.4996
             BB_dunning3 |  -.0171781   .0105764    -1.62   0.104    -.0379076    .0035513
                         |
c.CC_gini3#c.BB_dunning3 |   .0518868   .0407241     1.27   0.203     -.027931    .1317045
                         |
              CA_golden3 |   12.28078   31.14537     0.39   0.693    -48.76303    73.32459
                  DA_pc8 |  -.7442361   .1807294    -4.12   0.000    -1.098459    -.390013
               DC_total1 |   .0721172   .3149901     0.23   0.819    -.5452521    .6894865
                DE_total |   1.475203   .0519801    28.38   0.000     1.373323    1.577082
                 DG_cpi5 |  -.6212548   .2536721    -2.45   0.014    -1.118443   -.1240667
                country2 |   2.905431   4.317504     0.67   0.501    -5.556722    11.36758
                country3 |   15.43129   4.141649     3.73   0.000     7.313804    23.54877
                country4 |   -4.16752   3.581428    -1.16   0.245    -11.18699    2.851949
                country5 |   17.66234   6.626859     2.67   0.008     4.673936    30.65074
                country6 |   12.54551   5.060402     2.48   0.013     2.627303    22.46372
                country7 |  -.3802196   3.320957    -0.11   0.909    -6.889176    6.128736
                country8 |   20.75646   3.640771     5.70   0.000     13.62068    27.89224
                country9 |          0  (omitted)
               country10 |  -14.89782   4.087152    -3.65   0.000    -22.90849   -6.887149
               country11 |  -3.047058   4.429299    -0.69   0.491    -11.72832    5.634208
               country12 |   2.883414   4.575791     0.63   0.529    -6.084972     11.8518
               country13 |          0  (omitted)
               country14 |   10.47564   4.305149     2.43   0.015     2.037703    18.91358
               country15 |   4.723873   6.566177     0.72   0.472    -8.145598    17.59334
               country16 |          0  (omitted)
               country17 |  -4.852671    3.66603    -1.32   0.186    -12.03796    2.332616
               country18 |  -11.93781   3.570194    -3.34   0.001    -18.93526   -4.940359
                   OA_11 |  -.7683194   1.528607    -0.50   0.615    -3.764334    2.227696
                   _cons |  -64.96998   12.72885    -5.10   0.000    -89.91806    -40.0219
-------------------------+----------------------------------------------------------------
                     rho |   .5712688
------------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.666667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9402
Estimated autocorrelations =         1          Wald chi2(20)     =  152293.67
Estimated coefficients     =        21          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   150.7799   24.63123     6.12   0.000     102.5035    199.0562
             BB_dunning3 |  -.0233132   .0111148    -2.10   0.036    -.0450978   -.0015287
                         |
c.CC_gini3#c.BB_dunning3 |     .09105   .0415325     2.19   0.028     .0096478    .1724522
                         |
              CA_golden3 |  -7.939786   25.95805    -0.31   0.760    -58.81662    42.93705
                  DA_pc8 |  -.4239867   .1799211    -2.36   0.018    -.7766256   -.0713479
               DC_total1 |   .1940152   .1749338     1.11   0.267    -.1488487    .5368791
                DE_total |   1.037655   .0381233    27.22   0.000     .9629346    1.112375
                 DG_cpi5 |  -.4522892   .2182836    -2.07   0.038    -.8801172   -.0244612
                country2 |   45.99978   2.896348    15.88   0.000     40.32305    51.67652
                country3 |   20.72203   2.757924     7.51   0.000     15.31659    26.12746
                country4 |          0  (omitted)
                country5 |   22.68981     4.7205     4.81   0.000     13.43781    31.94182
                country6 |          0  (omitted)
                country7 |    13.1077   2.208245     5.94   0.000     8.779619    17.43578
                country8 |   21.20702   2.407607     8.81   0.000      16.4882    25.92585
                country9 |          0  (omitted)
               country10 |   2.902627    2.54917     1.14   0.255    -2.093654    7.898907
               country11 |    32.7939   2.676716    12.25   0.000     27.54764    38.04017
               country12 |   20.49932   2.847489     7.20   0.000     14.91835     26.0803
               country13 |          0  (omitted)
               country14 |   13.18483   3.248364     4.06   0.000     6.818152    19.55151
               country15 |   20.85171   4.021462     5.19   0.000     12.96979    28.73363
               country16 |          0  (omitted)
               country17 |  -3.108538   2.261338    -1.37   0.169    -7.540679    1.323603
               country18 |          0  (omitted)
                   OA_11 |  -1.291809   1.073441    -1.20   0.229    -3.395716    .8120977
                   _cons |  -75.08309   9.005863    -8.34   0.000    -92.73425   -57.43192
-------------------------+----------------------------------------------------------------
                     rho |   .5439295
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         53
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  17.666667
                                                              max =         21
Estimated covariances      =         6          R-squared         =     0.9602
Estimated autocorrelations =         1          Wald chi2(12)     =   34673.87
Estimated coefficients     =        12          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -395.3443   61.81733    -6.40   0.000     -516.504   -274.1845
             BB_dunning3 |   .0366583   .0297082     1.23   0.217    -.0215686    .0948853
                         |
c.CC_gini3#c.BB_dunning3 |  -.1319851   .0965433    -1.37   0.172    -.3212066    .0572363
                         |
              CA_golden3 |   34.00245   24.31352     1.40   0.162    -13.65118    81.65607
                  DA_pc8 |  -.7710961   .1188525    -6.49   0.000    -1.004043   -.5381494
               DC_total1 |  -.3580921   .2379648    -1.50   0.132    -.8244944    .1083103
                DE_total |   1.775868   .0947326    18.75   0.000     1.590195     1.96154
                 DG_cpi5 |  -.6628858    .174451    -3.80   0.000    -1.004803   -.3209682
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |   40.84019   11.63904     3.51   0.000     18.02809     63.6523
                country5 |          0  (omitted)
                country6 |   18.19964   8.552678     2.13   0.033     1.436701    34.96258
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |   63.55292   15.48873     4.10   0.000     33.19556    93.91028
                   OA_11 |  -.6651772   .9652806    -0.69   0.491    -2.557092    1.226738
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .3449868
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        172
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.466667
                                                              max =         21
Estimated covariances      =       120          R-squared         =     0.9129
Estimated autocorrelations =         1          Wald chi2(20)     =    7685.18
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   122.8433   39.38158     3.12   0.002     45.65682    200.0298
             BB_dunning3 |  -.0190315   .0107595    -1.77   0.077    -.0401197    .0020567
                         |
c.CC_gini3#c.BB_dunning3 |   .0613859   .0412831     1.49   0.137    -.0195275    .1422992
                         |
              CA_golden3 |   11.82884   31.15055     0.38   0.704    -49.22512     72.8828
                  DA_pc8 |  -.6791625   .1637192    -4.15   0.000    -1.000046   -.3582787
               DC_total1 |  -.4821051   .2564574    -1.88   0.060    -.9847524    .0205423
                DE_total |   1.425393   .0638002    22.34   0.000     1.300347    1.550439
                 DG_cpi5 |  -.5807099   .2380257    -2.44   0.015    -1.047232   -.1141881
                country2 |   1.862913    4.30394     0.43   0.665    -6.572654    10.29848
                country3 |   12.58928   4.041008     3.12   0.002     4.669047    20.50951
                country4 |  -4.775252   3.732506    -1.28   0.201    -12.09083    2.540325
                country5 |   9.494746   5.535254     1.72   0.086    -1.354152    20.34364
                country6 |   9.874033   4.794616     2.06   0.039      .476759    19.27131
                country7 |  -.4047722   3.393286    -0.12   0.905     -7.05549    6.245945
                country8 |   20.09063   3.609674     5.57   0.000     13.01579    27.16546
                country9 |          0  (omitted)
               country10 |  -11.01248   4.176783    -2.64   0.008    -19.19882   -2.826134
               country11 |  -2.938053   4.424243    -0.66   0.507    -11.60941    5.733303
               country12 |  -1.576195   4.253052    -0.37   0.711    -9.912023    6.759633
               country13 |          0  (omitted)
               country14 |   8.712509   4.448276     1.96   0.050    -.0059512    17.43097
               country15 |    1.59417   6.370765     0.25   0.802     -10.8923    14.08064
               country16 |          0  (omitted)
               country17 |  -2.617787   3.692087    -0.71   0.478    -9.854144     4.61857
               country18 |  -10.59171   3.520971    -3.01   0.003    -17.49268   -3.690729
                   OA_14 |   .0129453   .0072297     1.79   0.073    -.0012247    .0271154
                   _cons |  -59.96785   13.39963    -4.48   0.000    -86.23064   -33.70506
-------------------------+----------------------------------------------------------------
                     rho |   .6176277
------------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  10.666667
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9413
Estimated autocorrelations =         1          Wald chi2(20)     =   84947.62
Estimated coefficients     =        21          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   146.0495   26.32097     5.55   0.000     94.46135    197.6376
             BB_dunning3 |    -.02141   .0107064    -2.00   0.046    -.0423942   -.0004259
                         |
c.CC_gini3#c.BB_dunning3 |   .0838469   .0400312     2.09   0.036     .0053871    .1623067
                         |
              CA_golden3 |  -9.752978   25.86247    -0.38   0.706    -60.44248    40.93652
                  DA_pc8 |  -.3888065   .1703908    -2.28   0.022    -.7227664   -.0548466
               DC_total1 |  -.0685359    .153478    -0.45   0.655    -.3693472    .2322755
                DE_total |   1.031947   .0445207    23.18   0.000     .9446882    1.119206
                 DG_cpi5 |  -.4207651   .2069028    -2.03   0.042    -.8262872    -.015243
                country2 |    44.8915   2.914623    15.40   0.000     39.17895    50.60406
                country3 |   17.46936   2.632321     6.64   0.000     12.31011    22.62862
                country4 |          0  (omitted)
                country5 |   15.76342   4.367011     3.61   0.000      7.20424    24.32261
                country6 |          0  (omitted)
                country7 |   12.30936   2.199289     5.60   0.000     7.998834    16.61989
                country8 |    20.4091   2.392698     8.53   0.000      15.7195     25.0987
                country9 |          0  (omitted)
               country10 |   4.569181   2.670046     1.71   0.087    -.6640126    9.802374
               country11 |    32.9891   2.682974    12.30   0.000     27.73057    38.24763
               country12 |   17.19906   2.553579     6.74   0.000     12.19414    22.20399
               country13 |          0  (omitted)
               country14 |   12.92226   3.370841     3.83   0.000     6.315537    19.52899
               country15 |   18.56801   3.936969     4.72   0.000     10.85169    26.28432
               country16 |          0  (omitted)
               country17 |   -1.89707   2.309449    -0.82   0.411    -6.423506    2.629366
               country18 |          0  (omitted)
                   OA_14 |   .0042605   .0044081     0.97   0.334    -.0043793    .0129002
                   _cons |  -73.64533   8.686409    -8.48   0.000    -90.67038   -56.62029
-------------------------+----------------------------------------------------------------
                     rho |   .5635714
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         53
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  17.666667
                                                              max =         21
Estimated covariances      =         6          R-squared         =     0.9571
Estimated autocorrelations =         1          Wald chi2(12)     =   34386.20
Estimated coefficients     =        12          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -382.1824   63.01341    -6.07   0.000    -505.6865   -258.6784
             BB_dunning3 |   .0247585   .0302069     0.82   0.412     -.034446     .083963
                         |
c.CC_gini3#c.BB_dunning3 |  -.0892696    .099049    -0.90   0.367    -.2834021    .1048629
                         |
              CA_golden3 |   38.54222   24.37553     1.58   0.114    -9.232945    86.31739
                  DA_pc8 |  -.7306611   .1159136    -6.30   0.000    -.9578476   -.5034746
               DC_total1 |   -.716449   .3399966    -2.11   0.035     -1.38283   -.0500679
                DE_total |   1.747499   .1025394    17.04   0.000     1.546525    1.948473
                 DG_cpi5 |  -.7133569   .1798266    -3.97   0.000    -1.065811   -.3609032
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |   39.85116   11.62362     3.43   0.001     17.06929    62.63303
                country5 |          0  (omitted)
                country6 |   17.03892   8.380933     2.03   0.042     .6125911    33.46524
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |   61.76255   15.42458     4.00   0.000     31.53094    91.99417
                   OA_14 |   .0058516    .008304     0.70   0.481     -.010424    .0221272
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .3741409
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        156
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =       10.4
                                                              max =         16
Estimated covariances      =       120          R-squared         =     0.9307
Estimated autocorrelations =         1          Wald chi2(20)     =    9751.13
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |     108.05   45.31273     2.38   0.017     19.23873    196.8613
             BB_dunning3 |  -.0142287   .0107503    -1.32   0.186    -.0352988    .0068414
                         |
c.CC_gini3#c.BB_dunning3 |   .0440991   .0415519     1.06   0.289    -.0373411    .1255393
                         |
              CA_golden3 |   2.850401     33.393     0.09   0.932    -62.59867    68.29947
                  DA_pc8 |  -.8465869   .1775205    -4.77   0.000    -1.194521   -.4986532
               DC_total1 |   .0238094   .1898413     0.13   0.900    -.3482727    .3958915
                DE_total |   1.601341   .0685791    23.35   0.000     1.466929    1.735754
                 DG_cpi5 |   -.188612   .2937136    -0.64   0.521      -.76428     .387056
                country2 |    2.54617   4.198906     0.61   0.544    -5.683534    10.77587
                country3 |   14.39212   3.883451     3.71   0.000     6.780699    22.00355
                country4 |  -4.179467   3.350214    -1.25   0.212    -10.74577    2.386832
                country5 |   15.60243   4.563923     3.42   0.001     6.657309    24.54756
                country6 |   10.84634   4.942061     2.19   0.028     1.160079     20.5326
                country7 |  -.5057064   3.354031    -0.15   0.880    -7.079487    6.068074
                country8 |   18.53318   3.759525     4.93   0.000     11.16465    25.90171
                country9 |          0  (omitted)
               country10 |  -10.91577   3.335454    -3.27   0.001    -17.45314   -4.378398
               country11 |  -5.727488   4.073572    -1.41   0.160    -13.71154    2.256567
               country12 |   1.074736   4.305052     0.25   0.803     -7.36301    9.512482
               country13 |          0  (omitted)
               country14 |   9.494883   4.285816     2.22   0.027     1.094838    17.89493
               country15 |   .0299865   7.166663     0.00   0.997    -14.01641    14.07639
               country16 |          0  (omitted)
               country17 |  -2.200252   3.320892    -0.66   0.508    -8.709082    4.308578
               country18 |  -8.274826   3.127982    -2.65   0.008    -14.40556   -2.144093
                   OA_21 |   2.030279   2.723969     0.75   0.456    -3.308601     7.36916
                   _cons |  -74.07954   14.71719    -5.03   0.000    -102.9247   -45.23438
-------------------------+----------------------------------------------------------------
                     rho |   .5744806
------------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        118
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  9.8333333
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9526
Estimated autocorrelations =         1          Wald chi2(20)     =   30638.34
Estimated coefficients     =        21          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   150.4209    29.8991     5.03   0.000     91.81969     209.022
             BB_dunning3 |  -.0249766    .010714    -2.33   0.020    -.0459757   -.0039774
                         |
c.CC_gini3#c.BB_dunning3 |   .0974467   .0400555     2.43   0.015     .0189393     .175954
                         |
              CA_golden3 |  -41.08141   30.17138    -1.36   0.173    -100.2162    18.05341
                  DA_pc8 |  -.3036717   .1827004    -1.66   0.096    -.6617579    .0544145
               DC_total1 |   .0807394   .1850279     0.44   0.663    -.2819085    .4433874
                DE_total |    1.11616   .0451991    24.69   0.000     1.027571    1.204748
                 DG_cpi5 |   -.213263   .2224385    -0.96   0.338    -.6492344    .2227083
                country2 |   47.36316   2.893948    16.37   0.000     41.69112    53.03519
                country3 |   18.07758   2.101209     8.60   0.000     13.95929    22.19588
                country4 |          0  (omitted)
                country5 |   14.91282   3.686844     4.04   0.000     7.686734     22.1389
                country6 |          0  (omitted)
                country7 |   12.26541   1.808631     6.78   0.000     8.720558    15.81026
                country8 |    18.7603   2.097749     8.94   0.000     14.64879    22.87181
                country9 |          0  (omitted)
               country10 |    7.42902    2.14048     3.47   0.001     3.233757    11.62428
               country11 |   33.18156   2.313459    14.34   0.000     28.64727    37.71586
               country12 |   16.67718   2.523278     6.61   0.000     11.73165    21.62272
               country13 |          0  (omitted)
               country14 |   13.51387   2.966169     4.56   0.000     7.700286    19.32746
               country15 |   15.12679   4.259583     3.55   0.000     6.778163    23.47542
               country16 |          0  (omitted)
               country17 |  -.8019721   1.980098    -0.41   0.685    -4.682893    3.078949
               country18 |          0  (omitted)
                   OA_21 |   3.943153   2.057684     1.92   0.055     -.089833    7.976139
                   _cons |  -86.78838   11.04706    -7.86   0.000    -108.4402   -65.13655
-------------------------+----------------------------------------------------------------
                     rho |   .4267199
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         48
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (balanced)         Obs per group:
Autocorrelation:  common AR(1)                                min =         16
                                                              avg =         16
                                                              max =         16
Estimated covariances      =         6          R-squared         =     0.9611
Estimated autocorrelations =         1          Wald chi2(11)     =    1791.59
Estimated coefficients     =        12          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -420.7864   65.54695    -6.42   0.000    -549.2561   -292.3168
             BB_dunning3 |   .0424367   .0312467     1.36   0.174    -.0188058    .1036792
                         |
c.CC_gini3#c.BB_dunning3 |  -.1522139   .1015632    -1.50   0.134    -.3512742    .0468464
                         |
              CA_golden3 |   43.36149   23.74253     1.83   0.068    -3.173009    89.89598
                  DA_pc8 |  -.8604503   .1298767    -6.63   0.000    -1.115004   -.6058966
               DC_total1 |  -.4858398    .168982    -2.88   0.004    -.8170385   -.1546411
                DE_total |   1.849026   .0960633    19.25   0.000     1.660746    2.037307
                 DG_cpi5 |  -.3711185   .2455042    -1.51   0.131    -.8522979     .110061
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |          0  (omitted)
                country5 |          0  (omitted)
                country6 |  -24.76133   3.882828    -6.38   0.000    -32.37153   -17.15112
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |   25.21704   5.150576     4.90   0.000      15.1221    35.31199
                   OA_21 |   .7877399   2.478695     0.32   0.751    -4.070412    5.645892
                   _cons |   40.93299   12.22395     3.35   0.001     16.97448    64.89149
-------------------------+----------------------------------------------------------------
                     rho |   .3206905
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        156
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =       10.4
                                                              max =         16
Estimated covariances      =       120          R-squared         =     0.9381
Estimated autocorrelations =         1          Wald chi2(19)     =    4648.51
Estimated coefficients     =        24          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   127.3522   44.10955     2.89   0.004     40.89908    213.8053
             BB_dunning3 |  -.0141415    .012038    -1.17   0.240    -.0377356    .0094525
                         |
c.CC_gini3#c.BB_dunning3 |   .0450507   .0464273     0.97   0.332    -.0459451    .1360464
                         |
              CA_golden3 |  -.0541464   31.44966    -0.00   0.999    -61.69436    61.58606
                  DA_pc8 |  -.8026437    .164385    -4.88   0.000    -1.124832   -.4804551
               DC_total1 |   -.031574    .175917    -0.18   0.858     -.376365     .313217
                DE_total |   1.457494   .0807373    18.05   0.000     1.299251    1.615736
                 DG_cpi5 |  -.1014706   .2670379    -0.38   0.704    -.6248553    .4219141
                country2 |   4.261541   4.021118     1.06   0.289    -3.619706    12.14279
                country3 |   12.41305   3.507518     3.54   0.000     5.538445    19.28766
                country4 |  -4.451707   3.270191    -1.36   0.173    -10.86116     1.95775
                country5 |   15.38011    4.33173     3.55   0.000     6.890079    23.87015
                country6 |   9.460985   4.462702     2.12   0.034     .7142503    18.20772
                country7 |    -2.0943   3.057973    -0.68   0.493    -8.087817    3.899218
                country8 |   15.94936   3.265761     4.88   0.000     9.548581    22.35013
                country9 |          0  (omitted)
               country10 |  -10.47582   3.059124    -3.42   0.001    -16.47159   -4.480046
               country11 |  -5.548266   3.959992    -1.40   0.161    -13.30971    2.213176
               country12 |  -2.017668   3.772268    -0.53   0.593    -9.411178    5.375841
               country13 |          0  (omitted)
               country14 |   7.194105   4.053327     1.77   0.076    -.7502691    15.13848
               country15 |  -4.895661   5.801343    -0.84   0.399    -16.26608    6.474761
               country16 |          0  (omitted)
               country17 |  -2.467002   3.139334    -0.79   0.432    -8.619983     3.68598
               country18 |  -8.864439   2.975853    -2.98   0.003      -14.697   -3.031876
                   OA_24 |   .0274977   .0097336     2.83   0.005     .0084201    .0465753
                   _cons |  -68.84566   13.54142    -5.08   0.000    -95.38635   -42.30496
-------------------------+----------------------------------------------------------------
                     rho |   .6026862
------------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        118
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  9.8333333
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9622
Estimated autocorrelations =         1          Wald chi2(20)     =   40229.71
Estimated coefficients     =        21          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   155.3634   24.66875     6.30   0.000     107.0136    203.7133
             BB_dunning3 |  -.0317882   .0108006    -2.94   0.003     -.052957   -.0106194
                         |
c.CC_gini3#c.BB_dunning3 |   .1233268   .0408732     3.02   0.003     .0432167    .2034369
                         |
              CA_golden3 |  -28.96875   26.73405    -1.08   0.279    -81.36652    23.42902
                  DA_pc8 |  -.2797378   .1532991    -1.82   0.068    -.5801985    .0207229
               DC_total1 |   .0992884   .1620645     0.61   0.540    -.2183522    .4169289
                DE_total |   .9435528   .0554231    17.02   0.000     .8349254     1.05218
                 DG_cpi5 |  -.1756606   .1945551    -0.90   0.367    -.5569816    .2056604
                country2 |   48.08256   2.305323    20.86   0.000     43.56421    52.60091
                country3 |   16.02896   1.895859     8.45   0.000     12.31315    19.74478
                country4 |          0  (omitted)
                country5 |   10.49517   3.101064     3.38   0.001       4.4172    16.57315
                country6 |          0  (omitted)
                country7 |   10.66773   1.556175     6.86   0.000     7.617678    13.71777
                country8 |   16.64268   1.794586     9.27   0.000     13.12535       20.16
                country9 |          0  (omitted)
               country10 |   7.991991   1.837899     4.35   0.000     4.389776    11.59421
               country11 |   33.65696   2.027249    16.60   0.000     29.68362    37.63029
               country12 |   14.01399   2.058994     6.81   0.000     9.978434    18.04954
               country13 |          0  (omitted)
               country14 |   12.50748    2.60912     4.79   0.000     7.393703    17.62127
               country15 |   10.71005    3.43861     3.11   0.002     3.970494     17.4496
               country16 |          0  (omitted)
               country17 |  -.5960849   1.781425    -0.33   0.738    -4.087614    2.895444
               country18 |          0  (omitted)
                   OA_24 |   .0318552   .0065802     4.84   0.000     .0189582    .0447523
                   _cons |  -74.41513    9.05469    -8.22   0.000    -92.16199   -56.66826
-------------------------+----------------------------------------------------------------
                     rho |   .4305374
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         48
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (balanced)         Obs per group:
Autocorrelation:  common AR(1)                                min =         16
                                                              avg =         16
                                                              max =         16
Estimated covariances      =         6          R-squared         =     0.9618
Estimated autocorrelations =         1          Wald chi2(11)     =    2167.87
Estimated coefficients     =        12          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -404.7267   62.45188    -6.48   0.000    -527.1302   -282.3233
             BB_dunning3 |   .0410732   .0301446     1.36   0.173    -.0180092    .1001555
                         |
c.CC_gini3#c.BB_dunning3 |  -.1468627   .0980561    -1.50   0.134    -.3390491    .0453237
                         |
              CA_golden3 |   37.48673   23.79306     1.58   0.115    -9.146815    84.12027
                  DA_pc8 |  -.8073671   .1231554    -6.56   0.000    -1.048747    -.565987
               DC_total1 |  -.6534299   .1598093    -4.09   0.000    -.9666503   -.3402095
                DE_total |    1.77798   .1070882    16.60   0.000     1.568091    1.987869
                 DG_cpi5 |  -.3672143   .2380475    -1.54   0.123    -.8337789    .0993503
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |          0  (omitted)
                country5 |          0  (omitted)
                country6 |  -25.78971   3.843509    -6.71   0.000    -33.32285   -18.25657
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |   24.72758   4.891831     5.05   0.000     15.13976    34.31539
                   OA_24 |   .0246542   .0145134     1.70   0.089    -.0037915       .0531
                   _cons |   41.55346   10.81659     3.84   0.000     20.35333    62.75359
-------------------------+----------------------------------------------------------------
                     rho |   .3307564
------------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         13
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  9.8461538
                                                              max =         16
Estimated covariances      =        91          R-squared         =     0.9411
Estimated autocorrelations =         1          Wald chi2(18)     =   36332.11
Estimated coefficients     =        22          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   125.7738   43.18817     2.91   0.004     41.12649     210.421
             BB_dunning3 |   -.057033   .0118197    -4.83   0.000    -.0801991   -.0338668
                         |
c.CC_gini3#c.BB_dunning3 |   .2246248   .0473208     4.75   0.000     .1318777    .3173719
                         |
              CA_golden3 |  -1.379571   36.33552    -0.04   0.970    -72.59588    69.83673
                  DA_pc8 |  -.8011131      .2444    -3.28   0.001    -1.280128    -.322098
               DC_total1 |   .1869622   .1980114     0.94   0.345     -.201133    .5750574
                DE_total |   1.388457   .0522956    26.55   0.000      1.28596    1.490955
                 DG_cpi5 |  -.4945428   .2898428    -1.71   0.088    -1.062624    .0735387
                country2 |   8.041407   4.130159     1.95   0.052    -.0535552    16.13637
                country3 |   18.80434   3.159727     5.95   0.000     12.61139    24.99729
                country4 |          0  (omitted)
                country5 |   18.07422    4.52237     4.00   0.000     9.210535     26.9379
                country6 |   13.45753   4.976812     2.70   0.007      3.70316     23.2119
                country7 |    1.29199   3.052827     0.42   0.672    -4.691441    7.275422
                country8 |   22.71088   3.326524     6.83   0.000     16.19101    29.23075
                country9 |          0  (omitted)
               country10 |  -11.25685   3.299203    -3.41   0.001    -17.72317   -4.790535
               country11 |  -1.755846   4.522845    -0.39   0.698    -10.62046    7.108767
               country12 |   7.487401   3.258346     2.30   0.022     1.101161    13.87364
               country13 |          0  (omitted)
               country14 |   11.74441   4.241158     2.77   0.006     3.431897    20.05693
               country15 |   7.108245   6.626521     1.07   0.283    -5.879498    20.09599
               country16 |          0  (omitted)
               country17 |  -4.820607   3.521041    -1.37   0.171    -11.72172    2.080507
               country18 |          0  (omitted)
                 CB_voc8 |  -.1579989   .0990656    -1.59   0.111    -.3521639    .0361661
                   _cons |  -58.06758   15.95993    -3.64   0.000    -89.34846    -26.7867
-------------------------+----------------------------------------------------------------
                     rho |   .5940781
------------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        118
Time variable:    A_year                        Number of groups  =         12
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  9.8333333
                                                              max =         16
Estimated covariances      =        78          R-squared         =     0.9542
Estimated autocorrelations =         1          Wald chi2(19)     =   25754.24
Estimated coefficients     =        21          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   139.1585   26.18974     5.31   0.000     87.82758    190.4895
             BB_dunning3 |  -.0299844   .0125145    -2.40   0.017    -.0545123   -.0054564
                         |
c.CC_gini3#c.BB_dunning3 |   .1175756   .0472871     2.49   0.013     .0248946    .2102566
                         |
              CA_golden3 |  -33.07875   31.41107    -1.05   0.292    -94.64332    28.48583
                  DA_pc8 |  -.4279848   .2265425    -1.89   0.059    -.8719999    .0160303
               DC_total1 |   .0623343   .1846745     0.34   0.736     -.299621    .4242896
                DE_total |   1.053276   .0390818    26.95   0.000     .9766772    1.129875
                 DG_cpi5 |   -.646218   .2389628    -2.70   0.007    -1.114576   -.1778596
                country2 |   45.32269   3.124172    14.51   0.000     39.19942    51.44595
                country3 |   20.18226   2.362705     8.54   0.000     15.55145    24.81308
                country4 |          0  (omitted)
                country5 |   17.74424   3.855116     4.60   0.000     10.18835    25.30012
                country6 |          0  (omitted)
                country7 |   11.62847   2.337975     4.97   0.000     7.046123    16.21082
                country8 |   19.33848   2.502216     7.73   0.000     14.43423    24.24273
                country9 |          0  (omitted)
               country10 |   4.547151   2.474401     1.84   0.066    -.3025858    9.396887
               country11 |   31.11007   3.404012     9.14   0.000     24.43833    37.78181
               country12 |    19.3912   2.570306     7.54   0.000     14.35349     24.4289
               country13 |          0  (omitted)
               country14 |   12.47096   3.450217     3.61   0.000      5.70866    19.23326
               country15 |   19.43931   4.173423     4.66   0.000     11.25955    27.61907
               country16 |          0  (omitted)
               country17 |  -3.799532   2.635887    -1.44   0.149    -8.965775    1.366712
               country18 |          0  (omitted)
                 CB_voc8 |    -.09964   .0661625    -1.51   0.132    -.2293162    .0300362
                   _cons |  -69.69602   9.810807    -7.10   0.000    -88.92485   -50.46719
-------------------------+----------------------------------------------------------------
                     rho |   .4130683
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country4 omitted because of collinearity
note: country5 omitted because of collinearity
note: country6 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         16
Time variable:    A_year                        Number of groups  =          1
Panels:           correlated (balanced)         Obs per group:
Autocorrelation:  common AR(1)                                min =         16
                                                              avg =         16
                                                              max =         16
Estimated covariances      =         1          R-squared         =     0.9988
Estimated autocorrelations =         1          Wald chi2(10)     =  274905.59
Estimated coefficients     =        10          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -63.21699   112.0818    -0.56   0.573    -282.8933    156.4593
             BB_dunning3 |    1.52736   3.787435     0.40   0.687    -5.895876    8.950596
                         |
c.CC_gini3#c.BB_dunning3 |  -6.448616    17.2353    -0.37   0.708    -40.22918    27.33195
                         |
              CA_golden3 |   72.64563   22.06103     3.29   0.001     29.40681    115.8844
                  DA_pc8 |  -.9353912   .0835998   -11.19   0.000    -1.099244   -.7715386
               DC_total1 |   .0263589   .1251383     0.21   0.833    -.2189077    .2716254
                DE_total |   1.357904   .1366514     9.94   0.000     1.090072    1.625736
                 DG_cpi5 |   .2845615   .3199099     0.89   0.374    -.3424504    .9115734
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |          0  (omitted)
                country5 |          0  (omitted)
                country6 |  -26.80602   15.46154    -1.73   0.083    -57.11009    3.498045
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |          0  (omitted)
                 CB_voc8 |  -.2172314   .2671032    -0.81   0.416     -.740744    .3062812
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |  -.2494726
------------------------------------------------------------------------------------------

. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables R
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach social of varlist OA_01 OA_04 OA_11 OA_14 OA_21 OA_24 CB_voc8 {
  2. 
. global reer_wage_reg1 "xtpcse c.DG_reer2 c.$WC##c.$NTR $controls_reer  `social' , pairwise c
> orrelation(ar1)"
  3. global reer_wage_reg2 "xtpcse c.DG_reer1 c.$WC##c.$NTR $controls_reer  `social' , pairwis
> e correlation(ar1)"
  4. 
. forvalues x=1/2 {
  5.         capture noisily ${reer_wage_reg`x'} 
  6.                 }
  7.         }

Number of gaps in sample:  4
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        152
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =        9.5
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8549
Estimated autocorrelations =         1          Wald chi2(22)     = 1632844.34
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   46.58376   20.79532     2.24   0.025      5.82569    87.34184
            BB_dunning3 |   .0727259   .0298308     2.44   0.015     .0142586    .1311933
                        |
c.CA_cent#c.BB_dunning3 |  -.1541076   .0524623    -2.94   0.003    -.2569318   -.0512834
                        |
                BA_cbi2 |  -1.256815   6.316191    -0.20   0.842    -13.63632    11.12269
             DA_relprod |    58.0277   47.43311     1.22   0.221    -34.93949    150.9949
                 DA_pc8 |  -1.082938   .4283119    -2.53   0.011    -1.922414   -.2434626
                DG_cpi5 |    .141669   .2241081     0.63   0.527    -.2975747    .5809128
            DG_nominal1 |   .9162901    .110633     8.28   0.000     .6994534    1.133127
                        |
                  OB_01 |
 De facto crawling peg  |  -3.145553   5.473307    -0.57   0.565    -13.87304    7.581933
      Managed floating  |   5.957025   4.273068     1.39   0.163    -2.418034    14.33208
       Freely floating  |  -14.97618   21.82799    -0.69   0.493    -57.75826     27.8059
                        |
               country2 |  -1.638192   23.89752    -0.07   0.945    -48.47646    45.20008
               country3 |   16.06132   16.43766     0.98   0.329    -16.15591    48.27854
               country4 |  -2.439432   30.04097    -0.08   0.935    -61.31866     56.4398
               country5 |   8.607608   10.38859     0.83   0.407    -11.75365    28.96886
               country6 |   50.45138    21.4695     2.35   0.019     8.371933    92.53082
               country7 |          0  (omitted)
               country8 |   37.88233   17.77791     2.13   0.033     3.038269    72.72639
               country9 |          0  (omitted)
              country10 |   3.232974   24.33143     0.13   0.894    -44.45575     50.9217
              country11 |   50.17293   13.56991     3.70   0.000      23.5764    76.76946
              country12 |   18.45082   10.95696     1.68   0.092    -3.024436    39.92608
              country13 |   2.982888   14.48318     0.21   0.837    -25.40363    31.36941
              country14 |  -10.70182   19.53243    -0.55   0.584    -48.98468    27.58104
              country15 |   54.12415   28.14296     1.92   0.054    -1.035034    109.2833
              country16 |          0  (omitted)
              country17 |  -7.385524   18.71866    -0.39   0.693    -44.07342    29.30238
              country18 |   42.37913   16.76304     2.53   0.011     9.524168    75.23409
                  OA_01 |  -1.442303   .5898074    -2.45   0.014    -2.598305   -.2863019
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5281475
-----------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        185
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =    11.5625
                                                              max =         17
Estimated covariances      =       136          R-squared         =     0.8992
Estimated autocorrelations =         1          Wald chi2(21)     =    1584.26
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   24.21767   10.16409     2.38   0.017      4.29643    44.13891
            BB_dunning3 |   .0761932   .0136999     5.56   0.000     .0493419    .1030444
                        |
c.CA_cent#c.BB_dunning3 |   -.138815   .0242567    -5.72   0.000    -.1863572   -.0912727
                        |
                BA_cbi2 |   18.94084   2.259086     8.38   0.000     14.51312    23.36857
             DA_relprod |  -91.90854   21.22269    -4.33   0.000    -133.5042   -50.31283
                 DA_pc8 |  -.0859069   .2251035    -0.38   0.703    -.5271016    .3552879
                DG_cpi5 |  -.2577832   .1409025    -1.83   0.067     -.533947    .0183805
            DG_nominal1 |   .4892997   .0600261     8.15   0.000     .3716507    .6069488
                        |
                  OB_01 |
 De facto crawling peg  |    2.50899   1.837038     1.37   0.172    -1.091539    6.109518
      Managed floating  |   1.223244   2.065671     0.59   0.554    -2.825398    5.271885
       Freely floating  |   52.51422   9.334469     5.63   0.000       34.219    70.80944
                        |
               country2 |   33.63748   10.22939     3.29   0.001     13.58825    53.68672
               country3 |   42.34125   7.367901     5.75   0.000     27.90043    56.78207
               country4 |   50.13061   11.67764     4.29   0.000     27.24285    73.01836
               country5 |   10.81682   5.295287     2.04   0.041     .4382492    21.19539
               country6 |   65.21016   9.014086     7.23   0.000     47.54288    82.87744
               country7 |          0  (omitted)
               country8 |  -32.28371    7.11782    -4.54   0.000    -46.23438   -18.33304
               country9 |          0  (omitted)
              country10 |   60.79118   10.04476     6.05   0.000     41.10381    80.47855
              country11 |    13.4862   7.681755     1.76   0.079     -1.56976    28.54216
              country12 |   16.22024   5.866525     2.76   0.006     4.722061    27.71842
              country13 |   21.41672   6.378489     3.36   0.001     8.915113    33.91833
              country14 |   41.93718   8.815612     4.76   0.000      24.6589    59.21546
              country15 |   76.79208   12.13792     6.33   0.000      53.0022     100.582
              country16 |          0  (omitted)
              country17 |   53.99822   8.311008     6.50   0.000     37.70894     70.2875
              country18 |  -22.26343   8.830451    -2.52   0.012     -39.5708   -4.956066
                  OA_01 |  -1.148581   .2970646    -3.87   0.000    -1.730817   -.5663448
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |    .560355
-----------------------------------------------------------------------------------------

Number of gaps in sample:  4
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        152
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =        9.5
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8674
Estimated autocorrelations =         1          Wald chi2(23)     =   14406.81
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |    47.1083   20.61824     2.28   0.022     6.697295     87.5193
            BB_dunning3 |   .0618391   .0268729     2.30   0.021     .0091692     .114509
                        |
c.CA_cent#c.BB_dunning3 |  -.1444141   .0495918    -2.91   0.004    -.2416123   -.0472159
                        |
                BA_cbi2 |   11.01912   2.070472     5.32   0.000     6.961073    15.07717
             DA_relprod |  -14.62862   38.29095    -0.38   0.702     -89.6775    60.42027
                 DA_pc8 |  -.6072756   .4020981    -1.51   0.131    -1.395373    .1808223
                DG_cpi5 |  -.0046117   .1671543    -0.03   0.978    -.3322281    .3230047
            DG_nominal1 |   1.006243   .1044948     9.63   0.000      .801437    1.211049
                        |
                  OB_01 |
 De facto crawling peg  |  -5.674817   5.293179    -1.07   0.284    -16.04926    4.699623
      Managed floating  |   5.815296   4.138234     1.41   0.160    -2.295494    13.92609
       Freely floating  |  -15.76614   19.47136    -0.81   0.418    -53.92931    22.39703
                        |
               country2 |  -23.07733   28.92079    -0.80   0.425    -79.76103    33.60637
               country3 |  -3.044971   20.24859    -0.15   0.880    -42.73147    36.64153
               country4 |   5.861012   24.64007     0.24   0.812    -42.43264    54.15466
               country5 |   -28.9502    20.1956    -1.43   0.152    -68.53284    10.63245
               country6 |   29.60932   22.81488     1.30   0.194    -15.10702    74.32567
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |  -4.726277   22.33802    -0.21   0.832      -48.508    39.05544
              country11 |   38.35685    6.97913     5.50   0.000     24.67801    52.03569
              country12 |  -23.46601   20.02847    -1.17   0.241    -62.72109    15.78907
              country13 |  -23.68213    18.6985    -1.27   0.205    -60.33051    12.96625
              country14 |  -23.95406   20.06509    -1.19   0.233    -63.28091    15.37278
              country15 |   47.22129     23.299     2.03   0.043      1.55609    92.88649
              country16 |  -35.90324   18.61593    -1.93   0.054    -72.38978    .5833076
              country17 |  -16.69782   17.65327    -0.95   0.344     -51.2976    17.90196
              country18 |   27.81655    10.6711     2.61   0.009     6.901568    48.73153
                  OA_04 |  -.0075587   .0014489    -5.22   0.000    -.0103985   -.0047188
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5261233
-----------------------------------------------------------------------------------------

Number of gaps in sample:  6
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        185
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =    11.5625
                                                              max =         17
Estimated covariances      =       136          R-squared         =     0.9016
Estimated autocorrelations =         1          Wald chi2(23)     =   14468.86
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   25.17971    9.97106     2.53   0.012     5.636794    44.72263
            BB_dunning3 |   .0737457   .0126624     5.82   0.000     .0489278    .0985636
                        |
c.CA_cent#c.BB_dunning3 |  -.1406351   .0231006    -6.09   0.000    -.1859115   -.0953586
                        |
                BA_cbi2 |    20.5642   2.247998     9.15   0.000     16.15821     24.9702
             DA_relprod |   -124.492   23.37933    -5.32   0.000    -170.3147   -78.66938
                 DA_pc8 |   .2080949   .2180209     0.95   0.340    -.2192183     .635408
                DG_cpi5 |  -.3467012   .1265174    -2.74   0.006    -.5946708   -.0987316
            DG_nominal1 |   .5307589   .0567471     9.35   0.000     .4195367    .6419811
                        |
                  OB_01 |
 De facto crawling peg  |   .5962816   1.795057     0.33   0.740    -2.921965    4.114529
      Managed floating  |   .7346144   1.821385     0.40   0.687    -2.835235    4.304464
       Freely floating  |   51.26298   8.610518     5.95   0.000     34.38667    68.13928
                        |
               country2 |   26.54372   9.350063     2.84   0.005     8.217931     44.8695
               country3 |   37.53102   5.998082     6.26   0.000     25.77499    49.28704
               country4 |   52.06876   10.39498     5.01   0.000     31.69496    72.44255
               country5 |   .0605961   3.544286     0.02   0.986    -6.886077     7.00727
               country6 |   59.15143   7.261016     8.15   0.000      44.9201    73.38276
               country7 |          0  (omitted)
               country8 |  -36.84859   7.145637    -5.16   0.000    -50.85378    -22.8434
               country9 |          0  (omitted)
              country10 |   57.83478   8.491902     6.81   0.000     41.19096    74.47861
              country11 |   16.57094   6.914687     2.40   0.017     3.018408    30.12348
              country12 |   3.372078   3.954951     0.85   0.394    -4.379484    11.12364
              country13 |    14.3163   4.784278     2.99   0.003     4.939292    23.69332
              country14 |   37.65919   7.479308     5.04   0.000     23.00002    52.31837
              country15 |   71.48079   9.500372     7.52   0.000      52.8604    90.10117
              country16 |          0  (omitted)
              country17 |   51.63525   6.773741     7.62   0.000     38.35896    64.91154
              country18 |  -20.73389   8.468354    -2.45   0.014    -37.33156   -4.136226
                  OA_04 |   -.004353   .0009075    -4.80   0.000    -.0061315   -.0025744
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5473168
-----------------------------------------------------------------------------------------

Number of gaps in sample:  3
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        154
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =      9.625
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8529
Estimated autocorrelations =         1          Wald chi2(23)     =   15941.46
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   44.69187   21.00437     2.13   0.033      3.52405    85.85968
            BB_dunning3 |   .0714041    .030668     2.33   0.020      .011296    .1315123
                        |
c.CA_cent#c.BB_dunning3 |  -.1430722   .0538243    -2.66   0.008     -.248566   -.0375784
                        |
                BA_cbi2 |   3.868259   2.026061     1.91   0.056    -.1027473    7.839265
             DA_relprod |   91.56685   46.76456     1.96   0.050    -.0900007    183.2237
                 DA_pc8 |  -1.062164   .4345117    -2.44   0.015    -1.913791   -.2105364
                DG_cpi5 |    .136632   .2155102     0.63   0.526    -.2857603    .5590243
            DG_nominal1 |   .9115978   .1230031     7.41   0.000     .6705162    1.152679
                        |
                  OB_01 |
 De facto crawling peg  |  -4.359287   5.739902    -0.76   0.448    -15.60929    6.890715
      Managed floating  |   5.420408   3.919012     1.38   0.167    -2.260713    13.10153
       Freely floating  |  -44.99785   26.34757    -1.71   0.088    -96.63813    6.642428
                        |
               country2 |  -57.43777   36.16577    -1.59   0.112    -128.3214    13.44583
               country3 |  -33.56872   29.12057    -1.15   0.249    -90.64399    23.50655
               country4 |  -35.03573   32.46956    -1.08   0.281    -98.67489    28.60343
               country5 |  -39.46898   30.82552    -1.28   0.200    -99.88588    20.94793
               country6 |  -5.560099   32.86299    -0.17   0.866    -69.97037    58.85018
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |  -44.84448   30.69186    -1.46   0.144    -104.9994    15.31046
              country11 |   34.99385   7.980698     4.38   0.000     19.35197    50.63573
              country12 |  -35.57729   27.95777    -1.27   0.203    -90.37353    19.21894
              country13 |  -44.54916   25.56883    -1.74   0.081    -94.66315    5.564829
              country14 |  -58.57707    26.2364    -2.23   0.026    -109.9995   -7.154666
              country15 |  -3.820573   31.65384    -0.12   0.904    -65.86096    58.21982
              country16 |  -53.30575   24.60083    -2.17   0.030    -101.5225   -5.088998
              country17 |  -50.81911    23.7733    -2.14   0.033    -97.41392   -4.224292
              country18 |   29.74423   12.43539     2.39   0.017     5.371314    54.11714
                  OA_11 |  -3.530937   1.989063    -1.78   0.076    -7.429428     .367555
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5452866
-----------------------------------------------------------------------------------------

Number of gaps in sample:  5
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        187
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =    11.6875
                                                              max =         17
Estimated covariances      =       136          R-squared         =     0.9015
Estimated autocorrelations =         1          Wald chi2(19)     =    1077.04
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   24.63771   10.68342     2.31   0.021     3.698597    45.57683
            BB_dunning3 |    .075656   .0144867     5.22   0.000     .0472626    .1040494
                        |
c.CA_cent#c.BB_dunning3 |  -.1365637    .025146    -5.43   0.000     -.185849   -.0872784
                        |
                BA_cbi2 |    7.17908   1.044745     6.87   0.000     5.131418    9.226742
             DA_relprod |  -67.02233   21.00232    -3.19   0.001    -108.1861   -25.85854
                 DA_pc8 |  -.0895406   .2226743    -0.40   0.688    -.5259743    .3468931
                DG_cpi5 |  -.2175823    .129659    -1.68   0.093    -.4717093    .0365447
            DG_nominal1 |   .4969944   .0634356     7.83   0.000      .372663    .6213258
                        |
                  OB_01 |
 De facto crawling peg  |   .8074538   1.791675     0.45   0.652    -2.704165    4.319073
      Managed floating  |   .0254008   1.976678     0.01   0.990    -3.848817    3.899619
       Freely floating  |  -5.032742   2.433369    -2.07   0.039    -9.802058    -.263427
                        |
               country2 |   -14.5557   5.808746    -2.51   0.012    -25.94063    -3.17077
               country3 |          0  (omitted)
               country4 |   -8.31733   6.886299    -1.21   0.227    -21.81423    5.179568
               country5 |     -13.09   2.595799    -5.04   0.000    -18.17767   -8.002325
               country6 |   18.80634   2.852896     6.59   0.000     13.21477    24.39791
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |   3.876421   3.947489     0.98   0.326    -3.860515    11.61336
              country11 |   32.92382   5.566953     5.91   0.000      22.0128    43.83485
              country12 |  -13.98084   2.603068    -5.37   0.000    -19.08276   -8.878916
              country13 |  -18.71181   4.237509    -4.42   0.000    -27.01718   -10.40645
              country14 |  -11.48925   4.403564    -2.61   0.009    -20.12007   -2.858419
              country15 |   12.52897    2.86825     4.37   0.000     6.907304    18.15064
              country16 |  -12.87415   3.320086    -3.88   0.000     -19.3814   -6.366901
              country17 |   1.835481   5.367504     0.34   0.732    -8.684633     12.3556
              country18 |   -1.17597    7.08525    -0.17   0.868    -15.06281    12.71087
                  OA_11 |   -2.97535   .9960139    -2.99   0.003    -4.927502   -1.023199
                  _cons |   49.29444   11.32416     4.35   0.000      27.0995    71.48938
------------------------+----------------------------------------------------------------
                    rho |   .5970475
-----------------------------------------------------------------------------------------

Number of gaps in sample:  3
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        154
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =      9.625
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8564
Estimated autocorrelations =         1          Wald chi2(22)     =   15930.22
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   46.42742   20.60074     2.25   0.024     6.050721    86.80413
            BB_dunning3 |   .0731017   .0309376     2.36   0.018     .0124651    .1337383
                        |
c.CA_cent#c.BB_dunning3 |  -.1481623   .0547733    -2.71   0.007     -.255516   -.0408085
                        |
                BA_cbi2 |   5.008654   1.817382     2.76   0.006      1.44665    8.570658
             DA_relprod |   66.12939   41.24832     1.60   0.109    -14.71584    146.9746
                 DA_pc8 |   -.963561    .422806    -2.28   0.023    -1.792245   -.1348765
                DG_cpi5 |    .057611    .194385     0.30   0.767    -.3233766    .4385985
            DG_nominal1 |   .9118622   .1063897     8.57   0.000     .7033422    1.120382
                        |
                  OB_01 |
 De facto crawling peg  |  -5.933837   5.251386    -1.13   0.258    -16.22636     4.35869
      Managed floating  |   4.728822    3.81114     1.24   0.215    -2.740875    12.19852
       Freely floating  |  -37.41378   22.40907    -1.67   0.095    -81.33475    6.507197
                        |
               country2 |  -51.65452   32.46672    -1.59   0.112    -115.2881    11.97908
               country3 |  -20.34437   23.57827    -0.86   0.388    -66.55693     25.8682
               country4 |  -24.59506   28.25908    -0.87   0.384    -79.98184    30.79171
               country5 |  -28.22126    24.0635    -1.17   0.241    -75.38486    18.94234
               country6 |     5.4668   26.67861     0.20   0.838    -46.82231    57.75591
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |  -35.39968   25.72891    -1.38   0.169    -85.82741    15.02806
              country11 |   35.32182   7.373413     4.79   0.000      20.8702    49.77345
              country12 |  -29.78768   23.00978    -1.29   0.195    -74.88601    15.31065
              country13 |  -38.21685    21.5252    -1.78   0.076    -80.40547     3.97176
              country14 |  -52.55137   22.75611    -2.31   0.021    -97.15252   -7.950225
              country15 |      7.795   26.01429     0.30   0.764    -43.19206    58.78206
              country16 |  -46.37072   21.53101    -2.15   0.031    -88.57072   -4.170727
              country17 |  -42.70279   19.70914    -2.17   0.030      -81.332   -4.073592
              country18 |   26.71284   11.55546     2.31   0.021     4.064549    49.36112
                  OA_14 |  -.0294112   .0060339    -4.87   0.000    -.0412374   -.0175849
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5225158
-----------------------------------------------------------------------------------------

Number of gaps in sample:  5
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        187
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =    11.6875
                                                              max =         17
Estimated covariances      =       136          R-squared         =     0.9066
Estimated autocorrelations =         1          Wald chi2(22)     =    1237.60
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   23.71946   10.49533     2.26   0.024     3.148977    44.28993
            BB_dunning3 |   .0738612   .0142902     5.17   0.000     .0458529    .1018696
                        |
c.CA_cent#c.BB_dunning3 |  -.1347443   .0250379    -5.38   0.000    -.1838176    -.085671
                        |
                BA_cbi2 |   7.571714   .9909199     7.64   0.000     5.629547    9.513882
             DA_relprod |  -78.00459   20.42372    -3.82   0.000    -118.0344   -37.97484
                 DA_pc8 |  -.0095711   .2124148    -0.05   0.964    -.4258965    .4067544
                DG_cpi5 |  -.2516491   .1199271    -2.10   0.036     -.486702   -.0165963
            DG_nominal1 |   .5146184   .0607831     8.47   0.000     .3954856    .6337512
                        |
                  OB_01 |
 De facto crawling peg  |    .023958    1.70528     0.01   0.989     -3.31833    3.366246
      Managed floating  |   -.336904   1.849165    -0.18   0.855      -3.9612    3.287392
       Freely floating  |   46.95974   10.08187     4.66   0.000     27.19965    66.71984
                        |
               country2 |   37.39645   13.55814     2.76   0.006     10.82297    63.96992
               country3 |   54.31753   10.72743     5.06   0.000     33.29216     75.3429
               country4 |   44.88233   11.61365     3.86   0.000        22.12    67.64466
               country5 |    38.3128      11.07     3.46   0.001       16.616    60.00961
               country6 |   71.21703   11.27276     6.32   0.000     49.12283    93.31123
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |   55.82564   10.77478     5.18   0.000     34.70746    76.94383
              country11 |   33.04157    5.44891     6.06   0.000      22.3619    43.72123
              country12 |    36.1756   10.44566     3.46   0.001     15.70249    56.64871
              country13 |   32.09128   9.312232     3.45   0.001     13.83964    50.34292
              country14 |   39.81955   10.12836     3.93   0.000     19.96833    59.67077
              country15 |   66.01648   11.40832     5.79   0.000     43.65659    88.37637
              country16 |    39.0723   8.936707     4.37   0.000     21.55667    56.58792
              country17 |   53.32209   8.873902     6.01   0.000     35.92957    70.71462
              country18 |  -1.706904   6.928522    -0.25   0.805    -15.28656    11.87275
                  OA_14 |  -.0193154   .0043282    -4.46   0.000    -.0277985   -.0108323
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .6140343
-----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        142
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =      8.875
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8693
Estimated autocorrelations =         1          Wald chi2(24)     = 1737636.37
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   52.37552   24.61032     2.13   0.033     4.140174    100.6109
            BB_dunning3 |   .0624719   .0353819     1.77   0.077    -.0068754    .1318192
                        |
c.CA_cent#c.BB_dunning3 |  -.1281612   .0631078    -2.03   0.042    -.2518502   -.0044721
                        |
                BA_cbi2 |  -7.599885   4.151031    -1.83   0.067    -15.73576    .5359871
             DA_relprod |   98.12486   45.77789     2.14   0.032     8.401848    187.8479
                 DA_pc8 |   -1.12971   .4293556    -2.63   0.009    -1.971231   -.2881885
                DG_cpi5 |   .0583425    .205382     0.28   0.776    -.3441989    .4608839
            DG_nominal1 |   .8936716   .1141791     7.83   0.000     .6698846    1.117459
                        |
                  OB_01 |
 De facto crawling peg  |   -3.50854   6.189184    -0.57   0.571    -15.63912    8.622038
      Managed floating  |   6.156481   4.116682     1.50   0.135    -1.912067    14.22503
       Freely floating  |  -39.62247   17.78552    -2.23   0.026    -74.48144   -4.763494
                        |
               country2 |  -30.87958   23.14634    -1.33   0.182    -76.24557    14.48642
               country3 |  -6.945941   12.01902    -0.58   0.563    -30.50278     16.6109
               country4 |  -25.92889   21.86468    -1.19   0.236    -68.78287    16.92509
               country5 |  -5.781219   7.568477    -0.76   0.445    -20.61516    9.052724
               country6 |   22.51408   13.82571     1.63   0.103    -4.583807    49.61196
               country7 |          0  (omitted)
               country8 |   50.13423   15.08389     3.32   0.001     20.57034    79.69811
               country9 |          0  (omitted)
              country10 |  -34.07881   14.74063    -2.31   0.021    -62.96991   -5.187704
              country11 |   66.61779   12.59017     5.29   0.000     41.94151    91.29406
              country12 |   3.090727   10.47773     0.29   0.768    -17.44525     23.6267
              country13 |  -12.55578   11.84216    -1.06   0.289    -35.76599    10.65444
              country14 |   -37.7569   16.04037    -2.35   0.019    -69.19546   -6.318352
              country15 |   19.69097   19.16359     1.03   0.304    -17.86898    57.25092
              country16 |          0  (omitted)
              country17 |   -29.1831   12.79354    -2.28   0.023    -54.25798   -4.108218
              country18 |   57.93282   16.71873     3.47   0.001     25.16471    90.70093
                  OA_21 |  -5.473498   3.443291    -1.59   0.112    -12.22223    1.275228
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5441727
-----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        154
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =      9.625
                                                              max =         17
Estimated covariances      =       136          R-squared         =     0.9191
Estimated autocorrelations =         1          Wald chi2(23)     =  295709.85
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   26.87143   11.36586     2.36   0.018      4.59475    49.14811
            BB_dunning3 |   .0924534   .0230238     4.02   0.000     .0473276    .1375792
                        |
c.CA_cent#c.BB_dunning3 |  -.1668012   .0413182    -4.04   0.000    -.2477835    -.085819
                        |
                BA_cbi2 |   12.39642   2.009665     6.17   0.000     8.457553     16.3353
             DA_relprod |  -32.56438   20.81016    -1.56   0.118    -73.35155    8.222783
                 DA_pc8 |  -.3401942   .2295126    -1.48   0.138    -.7900306    .1096422
                DG_cpi5 |   -.152927   .1163604    -1.31   0.189    -.3809892    .0751352
            DG_nominal1 |   .5307581   .0814801     6.51   0.000     .3710601    .6904561
                        |
                  OB_01 |
 De facto crawling peg  |  -2.764786   1.947494    -1.42   0.156    -6.581804    1.052233
      Managed floating  |   3.842168   2.605726     1.47   0.140    -1.264961    8.949297
       Freely floating  |   27.55659   8.463067     3.26   0.001     10.96928    44.14389
                        |
               country2 |   1.370847   9.742779     0.14   0.888    -17.72465    20.46634
               country3 |    20.3439   5.230791     3.89   0.000     10.09174    30.59606
               country4 |   22.88016   12.04273     1.90   0.057    -.7231539    46.48348
               country5 |   3.060109   3.375785     0.91   0.365    -3.556307    9.676526
               country6 |   39.40994   6.722019     5.86   0.000     26.23503    52.58486
               country7 |          0  (omitted)
               country8 |    -19.624   7.664869    -2.56   0.010    -34.64687   -4.601136
               country9 |          0  (omitted)
              country10 |   30.82091   7.994822     3.86   0.000     15.15134    46.49047
              country11 |   16.79048   7.011244     2.39   0.017     3.048697    30.53227
              country12 |   2.601571   4.023442     0.65   0.518    -5.284231    10.48737
              country13 |  -.2419114   5.736439    -0.04   0.966    -11.48513     11.0013
              country14 |   17.23207   8.313932     2.07   0.038     .9370583    33.52707
              country15 |   46.02471   9.090829     5.06   0.000     28.20702    63.84241
              country16 |          0  (omitted)
              country17 |   23.54163   7.563743     3.11   0.002     8.716967    38.36629
              country18 |  -17.59044   9.034458    -1.95   0.052    -35.29765     .116776
                  OA_21 |  -8.331394   1.729724    -4.82   0.000    -11.72159   -4.941196
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5053947
-----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        142
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =      8.875
                                                              max =         13
Estimated covariances      =       136          R-squared         =     0.8711
Estimated autocorrelations =         1          Wald chi2(24)     =  203077.51
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |    52.2598   24.55569     2.13   0.033     4.131535    100.3881
            BB_dunning3 |   .0616226   .0350973     1.76   0.079     -.007167    .1304121
                        |
c.CA_cent#c.BB_dunning3 |  -.1282349   .0632426    -2.03   0.043    -.2521881   -.0042817
                        |
                BA_cbi2 |  -6.533506   4.097631    -1.59   0.111    -14.56472    1.497703
             DA_relprod |    84.1586   44.50521     1.89   0.059    -3.069996    171.3872
                 DA_pc8 |  -1.013498   .4277516    -2.37   0.018    -1.851876   -.1751204
                DG_cpi5 |   .0425517   .1827647     0.23   0.816    -.3156605     .400764
            DG_nominal1 |   .9069873   .1136997     7.98   0.000       .68414    1.129835
                        |
                  OB_01 |
 De facto crawling peg  |   -4.26561   6.130905    -0.70   0.487    -16.28196    7.750743
      Managed floating  |   5.910906    4.01259     1.47   0.141    -1.953626    13.77544
       Freely floating  |  -37.44165   17.39342    -2.15   0.031    -71.53213   -3.351173
                        |
               country2 |  -30.42666   22.95531    -1.33   0.185    -75.41823    14.56492
               country3 |  -4.417644   11.63545    -0.38   0.704     -27.2227    18.38741
               country4 |  -22.32188   21.51158    -1.04   0.299     -64.4838    19.84005
               country5 |  -5.093705   7.260365    -0.70   0.483    -19.32376    9.136349
               country6 |   24.49542   13.20617     1.85   0.064    -1.388197    50.37904
               country7 |          0  (omitted)
               country8 |   49.33715   14.81618     3.33   0.001     20.29797    78.37634
               country9 |          0  (omitted)
              country10 |  -31.71994   14.47989    -2.19   0.028        -60.1   -3.339881
              country11 |   66.30525   12.51518     5.30   0.000     41.77595    90.83455
              country12 |   2.279181    10.0955     0.23   0.821    -17.50764      22.066
              country13 |  -12.42488   11.29048    -1.10   0.271    -34.55382    9.704065
              country14 |  -35.94642   15.63932    -2.30   0.022    -66.59893   -5.293911
              country15 |   25.55934   17.95937     1.42   0.155    -9.640383    60.75905
              country16 |          0  (omitted)
              country17 |  -27.40936   12.24225    -2.24   0.025    -51.40374   -3.414982
              country18 |   56.15955    16.6939     3.36   0.001     23.44011    88.87898
                  OA_24 |  -.0354004   .0139473    -2.54   0.011    -.0627367   -.0080641
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5476319
-----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        154
Time variable:    A_year                        Number of groups  =         16
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =      9.625
                                                              max =         17
Estimated covariances      =       136          R-squared         =     0.9164
Estimated autocorrelations =         1          Wald chi2(21)     =    6885.01
Estimated coefficients     =        26          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   25.15675   11.43596     2.20   0.028     2.742681    47.57082
            BB_dunning3 |   .0918702   .0226374     4.06   0.000     .0475016    .1362388
                        |
c.CA_cent#c.BB_dunning3 |  -.1667858   .0409642    -4.07   0.000    -.2470742   -.0864974
                        |
                BA_cbi2 |   13.06105   2.025909     6.45   0.000      9.09034    17.03176
             DA_relprod |  -42.42754   21.86209    -1.94   0.052    -85.27645    .4213651
                 DA_pc8 |  -.2485841   .2376582    -1.05   0.296    -.7143856    .2172175
                DG_cpi5 |  -.1144949   .1141707    -1.00   0.316    -.3382653    .1092755
            DG_nominal1 |   .5368633    .081195     6.61   0.000      .377724    .6960027
                        |
                  OB_01 |
 De facto crawling peg  |  -2.848396   1.988086    -1.43   0.152    -6.744973    1.048181
      Managed floating  |   4.115837   2.598136     1.58   0.113    -.9764161     9.20809
       Freely floating  |   28.99921   8.503215     3.41   0.001     12.33321     45.6652
                        |
               country2 |   2.908879   9.847044     0.30   0.768    -16.39097    22.20873
               country3 |   20.69066   5.329784     3.88   0.000     10.24447    31.13684
               country4 |    24.3793   11.80926     2.06   0.039     1.233571    47.52503
               country5 |   1.724299   3.315618     0.52   0.603    -4.774192     8.22279
               country6 |    38.3612   6.746016     5.69   0.000     25.13925    51.58315
               country7 |          0  (omitted)
               country8 |  -21.78543   7.618077    -2.86   0.004    -36.71659   -6.854276
               country9 |          0  (omitted)
              country10 |   32.13991   7.904257     4.07   0.000     16.64785    47.63197
              country11 |   16.89431   6.981093     2.42   0.016      3.21162      30.577
              country12 |   .1937178   4.066417     0.05   0.962    -7.776313    8.163749
              country13 |  -2.144768   5.693376    -0.38   0.706    -13.30358    9.014045
              country14 |   17.24293   8.214496     2.10   0.036     1.142818    33.34305
              country15 |   45.26101   9.150917     4.95   0.000     27.32555    63.19648
              country16 |          0  (omitted)
              country17 |   23.57559   7.499879     3.14   0.002     8.876092    38.27508
              country18 |  -18.70088   9.084011    -2.06   0.040    -36.50521   -.8965422
                  OA_24 |  -.0353427   .0080482    -4.39   0.000    -.0511168   -.0195686
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .4934355
-----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        131
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  9.3571429
                                                              max =         13
Estimated covariances      =       105          R-squared         =     0.9047
Estimated autocorrelations =         1          Wald chi2(22)     =   10782.96
Estimated coefficients     =        24          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   25.82539   19.73944     1.31   0.191     -12.8632    64.51397
            BB_dunning3 |  -.0370271   .0486951    -0.76   0.447    -.1324677    .0584135
                        |
c.CA_cent#c.BB_dunning3 |   .0484038    .085847     0.56   0.573    -.1198531    .2166608
                        |
                BA_cbi2 |   2.479346   1.994703     1.24   0.214      -1.4302    6.388891
             DA_relprod |   81.75252   37.12318     2.20   0.028     8.992425    154.5126
                 DA_pc8 |  -1.210292   .3679273    -3.29   0.001    -1.931416   -.4891676
                DG_cpi5 |   .1759001   .2169369     0.81   0.417    -.2492883    .6010886
            DG_nominal1 |   1.134161   .0849818    13.35   0.000     .9675994    1.300722
                        |
                  OB_01 |
 De facto crawling peg  |  -1.432873   5.735875    -0.25   0.803    -12.67498    9.809235
      Managed floating  |   8.710929   4.643938     1.88   0.061    -.3910226    17.81288
       Freely floating  |  -6.929995   6.192488    -1.12   0.263    -19.06705    5.207059
                        |
               country2 |  -6.868993   10.48437    -0.66   0.512    -27.41798    13.67999
               country3 |          0  (omitted)
               country4 |          0  (omitted)
               country5 |  -13.22598   9.515032    -1.39   0.165     -31.8751    5.423138
               country6 |   23.56217   10.13142     2.33   0.020     3.704956    43.41939
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |  -12.67027   11.00262    -1.15   0.249    -34.23501    8.894471
              country11 |    38.6174   9.669524     3.99   0.000     19.66548    57.56932
              country12 |   3.323568   5.216289     0.64   0.524    -6.900171    13.54731
              country13 |  -11.22859   17.20836    -0.65   0.514    -44.95635    22.49917
              country14 |  -24.44712   9.759873    -2.50   0.012    -43.57612   -5.318123
              country15 |   24.67883   9.633681     2.56   0.010     5.797161     43.5605
              country16 |  -16.16263   8.965845    -1.80   0.071    -33.73536    1.410104
              country17 |  -18.25762   17.13705    -1.07   0.287    -51.84563    15.33039
              country18 |          0  (omitted)
                CB_voc8 |  -.2429906   .2753653    -0.88   0.378    -.7826966    .2967154
                  _cons |  -39.66874   29.87588    -1.33   0.184    -98.22439    18.88692
------------------------+----------------------------------------------------------------
                    rho |   .4786383
-----------------------------------------------------------------------------------------

Number of gaps in sample:  4
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        183
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  13.071429
                                                              max =         22
Estimated covariances      =       105          R-squared         =     0.8948
Estimated autocorrelations =         1          Wald chi2(22)     =    2245.11
Estimated coefficients     =        24          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   19.82857   15.00469     1.32   0.186    -9.580082    49.23722
            BB_dunning3 |    .083361   .0327114     2.55   0.011     .0192478    .1474742
                        |
c.CA_cent#c.BB_dunning3 |  -.1434032   .0573458    -2.50   0.012    -.2557988   -.0310076
                        |
                BA_cbi2 |   8.967108   1.020314     8.79   0.000     6.967328    10.96689
             DA_relprod |  -92.22536   20.83798    -4.43   0.000    -133.0671   -51.38367
                 DA_pc8 |   .1596204   .2102033     0.76   0.448    -.2523705    .5716114
                DG_cpi5 |  -.1300547   .1436769    -0.91   0.365    -.4116563    .1515469
            DG_nominal1 |   .4388623   .0579212     7.58   0.000     .3253388    .5523858
                        |
                  OB_01 |
 De facto crawling peg  |   2.719739   2.141331     1.27   0.204    -1.477193    6.916671
      Managed floating  |   4.712343   2.794185     1.69   0.092    -.7641589    10.18884
       Freely floating  |  -5.550896   4.048751    -1.37   0.170     -13.4863     2.38451
                        |
               country2 |  -6.646309   7.980952    -0.83   0.405    -22.28869     8.99607
               country3 |          0  (omitted)
               country4 |          0  (omitted)
               country5 |  -25.96045   5.658581    -4.59   0.000    -37.05107   -14.86984
               country6 |   19.36629   5.208315     3.72   0.000     9.158177    29.57439
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |   9.469182    5.40656     1.75   0.080    -1.127481    20.06584
              country11 |   38.46171   6.796568     5.66   0.000     25.14068    51.78274
              country12 |  -13.90444   3.319777    -4.19   0.000    -20.41108   -7.397792
              country13 |  -29.82703   10.37164    -2.88   0.004    -50.15506   -9.498996
              country14 |  -16.63616   6.886154    -2.42   0.016    -30.13277   -3.139544
              country15 |   10.39764   5.764021     1.80   0.071    -.8996316    21.69492
              country16 |  -14.04983    3.90137    -3.60   0.000    -21.69637   -6.403282
              country17 |  -.3012493   11.20493    -0.03   0.979     -22.2625    21.66001
              country18 |          0  (omitted)
                CB_voc8 |  -.1230997     .19176    -0.64   0.521    -.4989423     .252743
                  _cons |   55.78387   19.05601     2.93   0.003     18.43477    93.13297
------------------------+----------------------------------------------------------------
                    rho |   .5934764
-----------------------------------------------------------------------------------------

.         
.         
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables S
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. foreach social of varlist OA_01 OA_04 OA_11 OA_14 OA_21 OA_24 CB_voc8 {
  2. 
. global reer_ineq_reg1 "xtpcse c.DG_reer2 c.$IN##c.$NTR $controls_reer  `social' , pairwise c
> orrelation(ar1)"
  3. global reer_ineq_reg2 "xtpcse c.DG_reer1 c.$IN##c.$NTR $controls_reer  `social' , pairwis
> e correlation(ar1)"
  4. 
. forvalues x=1/2 {
  5.         capture noisily ${reer_ineq_reg`x'} 
  6.         }
  7. }

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        139
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  9.2666667
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8627
Estimated autocorrelations =         1          Wald chi2(21)     =   45885.89
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -481.0387   118.1858    -4.07   0.000    -712.6787   -249.3988
             BB_dunning3 |  -.2151455   .0444593    -4.84   0.000    -.3022841   -.1280069
                         |
c.CC_gini3#c.BB_dunning3 |   .8398337   .1960855     4.28   0.000     .4555131    1.224154
                         |
                 BA_cbi2 |   13.48098   3.631965     3.71   0.000     6.362459     20.5995
              DA_relprod |  -41.81972   55.09198    -0.76   0.448     -149.798    66.15857
                  DA_pc8 |  -.7899821   .4624475    -1.71   0.088    -1.696363    .1163985
                 DG_cpi5 |    .071651   .2222792     0.32   0.747    -.3640083    .5073103
             DG_nominal1 |   .8400678   .1191565     7.05   0.000     .6065253     1.07361
                         |
                   OB_01 |
  De facto crawling peg  |  -4.602321   4.930451    -0.93   0.351    -14.26583    5.061186
       Managed floating  |   2.116275   2.848775     0.74   0.458    -3.467222    7.699771
        Freely floating  |  -60.14954   14.14005    -4.25   0.000    -87.86354   -32.43555
                         |
                country2 |  -48.89218   9.693714    -5.04   0.000    -67.89151   -29.89284
                country3 |  -31.63554   12.14763    -2.60   0.009    -55.44447   -7.826617
                country4 |  -35.46793   13.13357    -2.70   0.007    -61.20925   -9.726609
                country5 |  -85.99693   14.81845    -5.80   0.000    -115.0406   -56.95329
                country6 |  -20.22234   8.511011    -2.38   0.018    -36.90361    -3.54106
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |  -16.94064   16.55874    -1.02   0.306    -49.39517     15.5139
               country11 |    46.6751   9.344983     4.99   0.000     28.35927    64.99093
               country12 |  -54.76922   15.32582    -3.57   0.000    -84.80727   -24.73117
               country13 |  -45.59445   17.69717    -2.58   0.010    -80.28027   -10.90864
               country14 |  -70.79292   12.22053    -5.79   0.000    -94.74472   -46.84112
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |  -27.19751    17.4662    -1.56   0.119    -61.43064    7.035622
               country18 |   30.03309   10.64084     2.82   0.005     9.177434    50.88875
                   OA_01 |  -2.412649   .6275671    -3.84   0.000    -3.642658    -1.18264
                   _cons |   225.4222   49.41791     4.56   0.000     128.5649    322.2795
-------------------------+----------------------------------------------------------------
                     rho |   .4847788
------------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        154
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  10.266667
                                                              max =         17
Estimated covariances      =       120          R-squared         =     0.8254
Estimated autocorrelations =         1          Wald chi2(21)     =    6220.57
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -297.4677   60.89667    -4.88   0.000     -416.823   -178.1124
             BB_dunning3 |  -.1632138   .0233618    -6.99   0.000    -.2090022   -.1174255
                         |
c.CC_gini3#c.BB_dunning3 |   .6874338   .1007639     6.82   0.000     .4899401    .8849274
                         |
                 BA_cbi2 |   13.53929   1.856287     7.29   0.000     9.901036    17.17755
              DA_relprod |  -96.72614    27.3216    -3.54   0.000    -150.2755   -43.17678
                  DA_pc8 |  -.0702733   .2833291    -0.25   0.804    -.6255882    .4850416
                 DG_cpi5 |  -.3856861   .1544086    -2.50   0.012    -.6883214   -.0830508
             DG_nominal1 |   .4579254   .0783908     5.84   0.000     .3042823    .6115686
                         |
                   OB_01 |
  De facto crawling peg  |   1.948575   2.432634     0.80   0.423      -2.8193    6.716449
       Managed floating  |  -4.978516   2.896205    -1.72   0.086    -10.65497    .6979413
        Freely floating  |   150.1456   28.46378     5.27   0.000     94.35759    205.9336
                         |
                country2 |   154.8611   27.45316     5.64   0.000     101.0539    208.6683
                country3 |   168.8211   30.04522     5.62   0.000     109.9336    227.7087
                country4 |   163.6842   29.50381     5.55   0.000     105.8577    221.5106
                country5 |   124.9936   25.71665     4.86   0.000     74.58989    175.3973
                country6 |   171.3011   29.60261     5.79   0.000     113.2811    229.3212
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |    189.121   33.80088     5.60   0.000     122.8725    255.3695
               country11 |   41.80093   4.866408     8.59   0.000     32.26295    51.33892
               country12 |   140.6251   27.69775     5.08   0.000     86.33847    194.9117
               country13 |   157.1247   30.61934     5.13   0.000     97.11194    217.1375
               country14 |   152.2335   27.42117     5.55   0.000       98.489     205.978
               country15 |   185.4669   30.12427     6.16   0.000     126.4244    244.5094
               country16 |          0  (omitted)
               country17 |   187.8679   33.37065     5.63   0.000     122.4626    253.2732
               country18 |   5.736474   5.870573     0.98   0.328    -5.769637    17.24259
                   OA_01 |  -1.466653   .3707315    -3.96   0.000    -2.193273   -.7400324
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .3291294
------------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        139
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  9.2666667
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8750
Estimated autocorrelations =         1          Wald chi2(20)     =    8115.06
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   -347.382   111.3318    -3.12   0.002    -565.5884   -129.1757
             BB_dunning3 |  -.2071338   .0447818    -4.63   0.000    -.2949044   -.1193632
                         |
c.CC_gini3#c.BB_dunning3 |   .7808163   .1870476     4.17   0.000     .4142097    1.147423
                         |
                 BA_cbi2 |   13.80392   2.783872     4.96   0.000     8.347635    19.26021
              DA_relprod |   -78.2728   54.01883    -1.45   0.147    -184.1478    27.60215
                  DA_pc8 |  -.2618047   .4431575    -0.59   0.555    -1.130377     .606768
                 DG_cpi5 |   .0096844   .1679005     0.06   0.954    -.3193945    .3387633
             DG_nominal1 |   .9980321   .1109542     8.99   0.000     .7805658    1.215498
                         |
                   OB_01 |
  De facto crawling peg  |  -7.774637   5.561364    -1.40   0.162    -18.67471    3.125436
       Managed floating  |   3.950694   2.887598     1.37   0.171    -1.708894    9.610283
        Freely floating  |   25.91307   8.346202     3.10   0.002     9.554818    42.27133
                         |
                country2 |   36.18153   7.623858     4.75   0.000     21.23904    51.12402
                country3 |   49.40697   10.04867     4.92   0.000     29.71193      69.102
                country4 |   57.03984   9.951342     5.73   0.000     37.53556    76.54411
                country5 |          0  (omitted)
                country6 |   62.36443    10.3979     6.00   0.000     41.98492    82.74393
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   58.79066   16.85706     3.49   0.000     25.75143    91.82989
               country11 |   50.99271   8.807042     5.79   0.000     33.73122    68.25419
               country12 |   18.19286   6.642949     2.74   0.006     5.172923     31.2128
               country13 |   25.49778   11.41752     2.23   0.026     3.119857     47.8757
               country14 |   14.10069   8.065461     1.75   0.080    -1.707321    29.90871
               country15 |   83.71098   10.96167     7.64   0.000     62.22651    105.1955
               country16 |          0  (omitted)
               country17 |   44.40875   16.07725     2.76   0.006     12.89791    75.91958
               country18 |   32.30626   8.463824     3.82   0.000     15.71747    48.89505
                   OA_04 |  -.0088344   .0015429    -5.73   0.000    -.0118584   -.0058105
                   _cons |   87.19039   38.17669     2.28   0.022     12.36545    162.0153
-------------------------+----------------------------------------------------------------
                     rho |   .5171255
------------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        154
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  10.266667
                                                              max =         17
Estimated covariances      =       120          R-squared         =     0.8879
Estimated autocorrelations =         1          Wald chi2(19)     =   13185.55
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -195.5815   54.04586    -3.62   0.000    -301.5094   -89.65356
             BB_dunning3 |  -.1576475   .0225972    -6.98   0.000    -.2019373   -.1133577
                         |
c.CC_gini3#c.BB_dunning3 |   .6418065   .0957884     6.70   0.000     .4540646    .8295483
                         |
                 BA_cbi2 |    13.2486   1.383351     9.58   0.000     10.53728    15.95992
              DA_relprod |  -110.2778   26.19143    -4.21   0.000     -161.612    -58.9435
                  DA_pc8 |   .1942727   .2447564     0.79   0.427     -.285441    .6739864
                 DG_cpi5 |  -.2735669   .1110779    -2.46   0.014    -.4912755   -.0558582
             DG_nominal1 |   .6007882   .0722274     8.32   0.000     .4592252    .7423513
                         |
                   OB_01 |
  De facto crawling peg  |  -.6421382   2.250669    -0.29   0.775    -5.053368    3.769092
       Managed floating  |  -2.889674   1.579842    -1.83   0.067    -5.986108    .2067604
        Freely floating  |   22.77265   4.864414     4.68   0.000     13.23858    32.30673
                         |
                country2 |   27.21329   4.029507     6.75   0.000      19.3156    35.11097
                country3 |   37.47344   5.354232     7.00   0.000     26.97933    47.96754
                country4 |   40.73123    5.72768     7.11   0.000     29.50519    51.95728
                country5 |          0  (omitted)
                country6 |   41.76749   5.328271     7.84   0.000     31.32427    52.21071
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   53.34639   7.789766     6.85   0.000     38.07873    68.61405
               country11 |   43.87246   4.622957     9.49   0.000     34.81163    52.93329
               country12 |   5.983369   3.255818     1.84   0.066    -.3979173    12.36466
               country13 |   18.82162   6.338984     2.97   0.003     6.397436     31.2458
               country14 |   25.44497   4.228658     6.02   0.000     17.15695    33.73298
               country15 |   55.49276   6.316381     8.79   0.000     43.11288    67.87264
               country16 |          0  (omitted)
               country17 |   48.87479   8.663428     5.64   0.000     31.89478     65.8548
               country18 |   8.366977   5.033338     1.66   0.096    -1.498183    18.23214
                   OA_04 |  -.0051758   .0008705    -5.95   0.000    -.0068819   -.0034697
                   _cons |   83.37131   19.74007     4.22   0.000     44.68148    122.0611
-------------------------+----------------------------------------------------------------
                     rho |   .4764381
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        141
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =        9.4
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8544
Estimated autocorrelations =         1          Wald chi2(21)     =   10462.94
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -393.2177   116.2253    -3.38   0.001    -621.0152   -165.4203
             BB_dunning3 |  -.1944718   .0486832    -3.99   0.000     -.289889   -.0990545
                         |
c.CC_gini3#c.BB_dunning3 |   .7802089   .2133427     3.66   0.000     .3620649    1.198353
                         |
                 BA_cbi2 |   25.43728   9.047859     2.81   0.005     7.703801    43.17076
              DA_relprod |   49.00665   48.60844     1.01   0.313    -46.26415    144.2774
                  DA_pc8 |  -.8053426    .491492    -1.64   0.101    -1.768649    .1579639
                 DG_cpi5 |   .0937997    .210348     0.45   0.656    -.3184748    .5060741
             DG_nominal1 |   .8866511   .1227277     7.22   0.000     .6461092    1.127193
                         |
                   OB_01 |
  De facto crawling peg  |  -3.102474   5.038324    -0.62   0.538    -12.97741    6.772459
       Managed floating  |   1.004968   2.924243     0.34   0.731    -4.726442    6.736379
        Freely floating  |   67.26288   31.88574     2.11   0.035     4.767964    129.7578
                         |
                country2 |   30.99796   12.66607     2.45   0.014     6.172924    55.82301
                country3 |   53.03951   15.97513     3.32   0.001     21.72884    84.35018
                country4 |   85.28845   32.39103     2.63   0.008     21.80319    148.7737
                country5 |          0  (omitted)
                country6 |   54.87158   14.18085     3.87   0.000     27.07762    82.66554
                country7 |          0  (omitted)
                country8 |  -77.52721   36.54798    -2.12   0.034    -149.1599   -5.894497
                country9 |          0  (omitted)
               country10 |   68.85263   30.35881     2.27   0.023     9.350461    128.3548
               country11 |   11.87683   18.08021     0.66   0.511    -23.55974     47.3134
               country12 |   22.38611   8.787532     2.55   0.011     5.162864    39.60936
               country13 |   45.06668   20.34735     2.21   0.027     5.186606    84.94676
               country14 |   32.16874   18.79193     1.71   0.087    -4.662774    69.00025
               country15 |   81.65038   18.78959     4.35   0.000     44.82346    118.4773
               country16 |          0  (omitted)
               country17 |   69.56931   31.55257     2.20   0.027     7.727404    131.4112
               country18 |   1.075902   16.40861     0.07   0.948    -31.08438    33.23619
                   OA_11 |  -4.353437    1.96016    -2.22   0.026     -8.19528   -.5115943
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .4720062
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        156
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =       10.4
                                                              max =         17
Estimated covariances      =       120          R-squared         =     0.8551
Estimated autocorrelations =         1          Wald chi2(21)     =    8566.41
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   -225.806   62.46784    -3.61   0.000    -348.2407   -103.3713
             BB_dunning3 |  -.1547127   .0267273    -5.79   0.000    -.2070972   -.1023282
                         |
c.CC_gini3#c.BB_dunning3 |   .6515681   .1146399     5.68   0.000     .4268781    .8762582
                         |
                 BA_cbi2 |   8.379574    1.35927     6.16   0.000     5.715453    11.04369
              DA_relprod |  -32.44615   21.18917    -1.53   0.126    -73.97615    9.083861
                  DA_pc8 |  -.0961805   .2806018    -0.34   0.732    -.6461498    .4537889
                 DG_cpi5 |  -.2410402     .12966    -1.86   0.063    -.4951691    .0130887
             DG_nominal1 |   .5518321   .0787607     7.01   0.000     .3974641    .7062002
                         |
                   OB_01 |
  De facto crawling peg  |    1.47862   2.426234     0.61   0.542    -3.276711    6.233951
       Managed floating  |  -4.686798   2.179891    -2.15   0.032    -8.959306   -.4142896
        Freely floating  |   89.70176   24.44578     3.67   0.000     41.78892    137.6146
                         |
                country2 |   89.12371   21.88469     4.07   0.000     46.23051    132.0169
                country3 |   103.5823   25.37114     4.08   0.000     53.85579    153.3088
                country4 |   101.6211   24.82135     4.09   0.000     52.97219    150.2701
                country5 |   75.90523   22.55044     3.37   0.001     31.70717    120.1033
                country6 |   101.9955   23.20116     4.40   0.000     56.52205    147.4689
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   113.3929   27.71536     4.09   0.000     59.07183     167.714
               country11 |   43.90866   5.167037     8.50   0.000     33.78145    54.03587
               country12 |   84.72706   24.04966     3.52   0.000     37.59059    131.8635
               country13 |   95.91155   26.88213     3.57   0.000     43.22354    148.5996
               country14 |   92.06005   22.77618     4.04   0.000     47.41956    136.7005
               country15 |   106.9448   21.55532     4.96   0.000     64.69718    149.1925
               country16 |          0  (omitted)
               country17 |   117.6066    29.0158     4.05   0.000     60.73673    174.4766
               country18 |   13.44494   6.215262     2.16   0.031     1.263252    25.62663
                   OA_11 |  -2.032163   1.008478    -2.02   0.044    -4.008744   -.0555833
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |    .440092
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        141
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =        9.4
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8594
Estimated autocorrelations =         1          Wald chi2(22)     =   25490.62
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -423.8523   115.6911    -3.66   0.000    -650.6027   -197.1018
             BB_dunning3 |  -.2075377   .0495706    -4.19   0.000    -.3046943   -.1103811
                         |
c.CC_gini3#c.BB_dunning3 |   .8289832   .2161638     3.83   0.000       .40531    1.252656
                         |
                 BA_cbi2 |    7.99653   2.716716     2.94   0.003     2.671864     13.3212
              DA_relprod |   2.791994   46.33805     0.06   0.952    -88.02891     93.6129
                  DA_pc8 |  -.6398361   .4887701    -1.31   0.191    -1.597808    .3181358
                 DG_cpi5 |   .0289109   .1921578     0.15   0.880    -.3477115    .4055333
             DG_nominal1 |   .8719295   .1094347     7.97   0.000     .6574414    1.086418
                         |
                   OB_01 |
  De facto crawling peg  |  -7.684569   4.393434    -1.75   0.080    -16.29554    .9264023
       Managed floating  |   .7825472   2.708429     0.29   0.773    -4.525876     6.09097
        Freely floating  |   2.696287   7.983953     0.34   0.736    -12.95197    18.34455
                         |
                country2 |   3.462479   7.440064     0.47   0.642    -11.11978    18.04474
                country3 |   35.91172   8.619261     4.17   0.000     19.01828    52.80516
                country4 |   27.49055   7.947801     3.46   0.001     11.91315    43.06795
                country5 |          0  (omitted)
                country6 |   35.71187   8.856107     4.03   0.000     18.35422    53.06952
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   30.89353   14.47077     2.13   0.033     2.531338    59.25572
               country11 |   53.08579   9.223668     5.76   0.000     35.00773    71.16384
               country12 |   13.42661   6.793064     1.98   0.048     .1124526    26.74077
               country13 |   17.45439   12.01521     1.45   0.146    -6.094994    41.00377
               country14 |  -17.29144   7.626345    -2.27   0.023     -32.2388   -2.344083
               country15 |   40.50266   10.00599     4.05   0.000     20.89129    60.11403
               country16 |          0  (omitted)
               country17 |   26.91549   15.51632     1.73   0.083    -3.495936    57.32691
               country18 |    36.0106    9.81568     3.67   0.000     16.77222    55.24898
                   OA_14 |  -.0384401   .0062851    -6.12   0.000    -.0507587   -.0261216
                   _cons |   107.1347   37.17745     2.88   0.004     34.26821    180.0011
-------------------------+----------------------------------------------------------------
                     rho |   .4232777
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        156
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =       10.4
                                                              max =         17
Estimated covariances      =       120          R-squared         =     0.8564
Estimated autocorrelations =         1          Wald chi2(20)     =    2134.16
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -230.9851    61.3675    -3.76   0.000    -351.2632    -110.707
             BB_dunning3 |  -.1569322   .0264406    -5.94   0.000    -.2087548   -.1051097
                         |
c.CC_gini3#c.BB_dunning3 |   .6572354   .1132184     5.81   0.000     .4353314    .8791394
                         |
                 BA_cbi2 |   30.30155   5.305775     5.71   0.000     19.90242    40.70068
              DA_relprod |  -48.59372   20.79574    -2.34   0.019    -89.35263    -7.83481
                  DA_pc8 |  -.0307229   .2710922    -0.11   0.910    -.5620539    .5006081
                 DG_cpi5 |  -.2631127   .1248327    -2.11   0.035    -.5077803   -.0184452
             DG_nominal1 |   .5465675   .0730323     7.48   0.000     .4034267    .6897082
                         |
                   OB_01 |
  De facto crawling peg  |  -.1095166   2.342442    -0.05   0.963    -4.700618    4.481585
       Managed floating  |  -4.711573   2.268695    -2.08   0.038    -9.158134   -.2650125
        Freely floating  |   75.41274    18.9164     3.99   0.000     38.33729    112.4882
                         |
                country2 |   31.60822   6.322003     5.00   0.000     19.21733    43.99912
                country3 |   49.66525   9.209697     5.39   0.000     31.61458    67.71593
                country4 |   89.62547   19.30944     4.64   0.000     51.77966    127.4713
                country5 |          0  (omitted)
                country6 |   47.31988    7.23202     6.54   0.000     33.14538    61.49438
                country7 |          0  (omitted)
                country8 |  -85.20424    22.0633    -3.86   0.000    -128.4475   -41.96096
                country9 |          0  (omitted)
               country10 |   79.74089   16.72936     4.77   0.000     46.95195    112.5298
               country11 |   1.639912   11.67417     0.14   0.888    -21.24104    24.52086
               country12 |   5.153715   3.874042     1.33   0.183    -2.439267     12.7467
               country13 |   37.80192   11.37175     3.32   0.001      15.5137    60.09015
               country14 |   55.18602   12.13858     4.55   0.000     31.39484     78.9772
               country15 |   72.91398   10.83739     6.73   0.000     51.67309    94.15487
               country16 |          0  (omitted)
               country17 |   82.16293   18.38657     4.47   0.000     46.12591       118.2
               country18 |   -30.3722    10.6462    -2.85   0.004    -51.23837   -9.506033
                   OA_14 |  -.0160748   .0043064    -3.73   0.000    -.0245152   -.0076344
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |    .435677
------------------------------------------------------------------------------------------
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        132
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =        8.8
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8702
Estimated autocorrelations =         1          Wald chi2(19)     =   58563.81
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -389.3362   114.8256    -3.39   0.001    -614.3903   -164.2822
             BB_dunning3 |  -.1698131   .0527181    -3.22   0.001    -.2731386   -.0664875
                         |
c.CC_gini3#c.BB_dunning3 |    .671026   .2275215     2.95   0.003      .225092     1.11696
                         |
                 BA_cbi2 |   5.047766   2.743911     1.84   0.066     -.330202    10.42573
              DA_relprod |   76.43271   49.79081     1.54   0.125    -21.15548    174.0209
                  DA_pc8 |  -.9666739   .4893637    -1.98   0.048    -1.925809   -.0075387
                 DG_cpi5 |  -.0512957   .2113898    -0.24   0.808    -.4656121    .3630207
             DG_nominal1 |   .8268496   .1174092     7.04   0.000     .5967319    1.056967
                         |
                   OB_01 |
  De facto crawling peg  |  -1.534089   6.616515    -0.23   0.817    -14.50222    11.43404
       Managed floating  |   1.485337   2.681777     0.55   0.580    -3.770849    6.741523
        Freely floating  |  -37.80608   11.83793    -3.19   0.001    -61.00799   -14.60417
                         |
                country2 |   -39.2414   10.51827    -3.73   0.000    -59.85684   -18.62596
                country3 |  -20.63816   12.08561    -1.71   0.088    -44.32552    3.049208
                country4 |  -25.83263   14.45217    -1.79   0.074    -54.15836    2.493105
                country5 |  -58.85173   13.85732    -4.25   0.000    -86.01158   -31.69188
                country6 |  -20.07016   11.09436    -1.81   0.070     -41.8147    1.674377
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |  -29.70018   17.91645    -1.66   0.097    -64.81579    5.415424
               country11 |    50.4435   8.510527     5.93   0.000     33.76317    67.12382
               country12 |  -28.59106   12.25306    -2.33   0.020    -52.60661   -4.575503
               country13 |   -24.5891   15.19041    -1.62   0.106    -54.36175    5.183545
               country14 |  -51.00049   10.52811    -4.84   0.000    -71.63521   -30.36578
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |  -21.28314   16.77575    -1.27   0.205    -54.16301    11.59674
               country18 |    38.2785     9.6831     3.95   0.000     19.29997    57.25703
                   OA_21 |  -7.682184   3.450094    -2.23   0.026    -14.44424   -.9201239
                   _cons |   128.1614   37.55973     3.41   0.001     54.54571    201.7772
-------------------------+----------------------------------------------------------------
                     rho |   .4785058
------------------------------------------------------------------------------------------
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        140
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  9.3333333
                                                              max =         17
Estimated covariances      =       120          R-squared         =     0.9023
Estimated autocorrelations =         1          Wald chi2(22)     =  687021.66
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -190.6584   47.92924    -3.98   0.000     -284.598   -96.71884
             BB_dunning3 |  -.1643323   .0328917    -5.00   0.000    -.2287988   -.0998659
                         |
c.CC_gini3#c.BB_dunning3 |    .690741   .1460722     4.73   0.000     .4044447    .9770374
                         |
                 BA_cbi2 |   9.747124   1.465083     6.65   0.000     6.875615    12.61863
              DA_relprod |  -23.71412    20.8287    -1.14   0.255    -64.53762    17.10939
                  DA_pc8 |  -.1754824   .2477614    -0.71   0.479    -.6610858    .3101209
                 DG_cpi5 |  -.1555791   .1140038    -1.36   0.172    -.3790225    .0678643
             DG_nominal1 |   .5983659   .0815951     7.33   0.000     .4384424    .7582893
                         |
                   OB_01 |
  De facto crawling peg  |    .140085     2.0985     0.07   0.947      -3.9729     4.25307
       Managed floating  |  -3.674813   2.194924    -1.67   0.094    -7.976784    .6271577
        Freely floating  |   72.52141   19.64922     3.69   0.000     34.00964    111.0332
                         |
                country2 |   69.85386   17.12621     4.08   0.000     36.28711    103.4206
                country3 |   84.97109   19.56345     4.34   0.000     46.62743    123.3148
                country4 |   86.38729   20.01259     4.32   0.000     47.16334    125.6112
                country5 |   57.64566   16.52961     3.49   0.000     25.24821     90.0431
                country6 |   86.35523   18.47587     4.67   0.000     50.14318    122.5673
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   94.01045   21.46251     4.38   0.000     51.94469    136.0762
               country11 |   37.90271   4.607873     8.23   0.000     28.87145    46.93398
               country12 |   65.95019   18.68081     3.53   0.000     29.33647    102.5639
               country13 |   75.22194    21.1961     3.55   0.000     33.67836    116.7655
               country14 |   77.71144   18.50587     4.20   0.000     41.44061    113.9823
               country15 |   102.3281   18.26572     5.60   0.000     66.52799    138.1283
               country16 |          0  (omitted)
               country17 |   95.68379   22.78617     4.20   0.000     51.02372    140.3439
               country18 |   5.617901   6.251137     0.90   0.369    -6.634102     17.8699
                   OA_21 |  -7.670929   1.538905    -4.98   0.000    -10.68713   -4.654729
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |    .422082
------------------------------------------------------------------------------------------
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        132
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =        8.8
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8728
Estimated autocorrelations =         1          Wald chi2(22)     =  257851.53
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -376.7624   117.1719    -3.22   0.001    -606.4151   -147.1096
             BB_dunning3 |  -.1751404   .0545095    -3.21   0.001    -.2819772   -.0683037
                         |
c.CC_gini3#c.BB_dunning3 |   .6881959   .2324873     2.96   0.003     .2325293    1.143863
                         |
                 BA_cbi2 |   6.085417   2.582389     2.36   0.018     1.024029    11.14681
              DA_relprod |   60.05175   49.17161     1.22   0.222    -36.32283    156.4263
                  DA_pc8 |  -.8190787   .4846287    -1.69   0.091    -1.768934    .1307761
                 DG_cpi5 |  -.0408498   .1922034    -0.21   0.832    -.4175616     .335862
             DG_nominal1 |   .8471896   .1166007     7.27   0.000     .6186564    1.075723
                         |
                   OB_01 |
  De facto crawling peg  |  -2.833437   6.645485    -0.43   0.670    -15.85835    10.19147
       Managed floating  |   1.663511   2.564163     0.65   0.516    -3.362155    6.689178
        Freely floating  |   88.11691   42.49712     2.07   0.038     4.824074    171.4097
                         |
                country2 |   86.12562   37.95885     2.27   0.023     11.72764    160.5236
                country3 |   106.0136   44.28562     2.39   0.017     19.21536    192.8118
                country4 |   102.2445   42.90341     2.38   0.017     18.15539    186.3337
                country5 |   67.14369   36.85492     1.82   0.068    -5.090624     139.378
                country6 |   107.0129   40.69611     2.63   0.009     27.24996    186.7758
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   97.01531   49.64881     1.95   0.051    -.2945697    194.3252
               country11 |   50.81594     8.3118     6.11   0.000     34.52511    67.10677
               country12 |   94.33324   40.98242     2.30   0.021     14.00917    174.6573
               country13 |   98.46609   45.69177     2.16   0.031     8.911865    188.0203
               country14 |   74.92701   37.58729     1.99   0.046     1.257285    148.5967
               country15 |   129.9767   39.10846     3.32   0.001     53.32557    206.6279
               country16 |          0  (omitted)
               country17 |   103.3703   50.56217     2.04   0.041     4.270276    202.4703
               country18 |    36.0247   9.087077     3.96   0.000     18.21435    53.83504
                   OA_24 |   -.044142   .0139423    -3.17   0.002    -.0714684   -.0168157
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .4874331
------------------------------------------------------------------------------------------
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        140
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  9.3333333
                                                              max =         17
Estimated covariances      =       120          R-squared         =     0.9042
Estimated autocorrelations =         1          Wald chi2(22)     =   29779.92
Estimated coefficients     =        25          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -175.1875    46.5654    -3.76   0.000     -266.454   -83.92099
             BB_dunning3 |  -.1668746   .0333142    -5.01   0.000    -.2321692     -.10158
                         |
c.CC_gini3#c.BB_dunning3 |   .6982512   .1466749     4.76   0.000     .4107736    .9857288
                         |
                 BA_cbi2 |   10.21464   1.511484     6.76   0.000     7.252181    13.17709
              DA_relprod |  -33.68164   21.72851    -1.55   0.121    -76.26873    8.905449
                  DA_pc8 |  -.0675184   .2511639    -0.27   0.788    -.5597906    .4247539
                 DG_cpi5 |  -.1134069   .1065833    -1.06   0.287    -.3223062    .0954925
             DG_nominal1 |   .6154203   .0804912     7.65   0.000     .4576605    .7731801
                         |
                   OB_01 |
  De facto crawling peg  |   .1076249   2.077747     0.05   0.959    -3.964684    4.179934
       Managed floating  |  -3.487328   2.019362    -1.73   0.084    -7.445204     .470549
        Freely floating  |  -30.52251    6.00154    -5.09   0.000    -42.28531   -18.75971
                         |
                country2 |  -32.42026   4.400398    -7.37   0.000    -41.04488   -23.79564
                country3 |  -17.94612   4.411353    -4.07   0.000    -26.59221   -9.300029
                country4 |   -15.8247   6.515247    -2.43   0.015    -28.59435   -3.055047
                country5 |  -45.78515   5.743685    -7.97   0.000    -57.04256   -34.52773
                country6 |  -16.92174   4.056271    -4.17   0.000    -24.87189   -8.971598
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |  -9.061958   5.909631    -1.53   0.125    -20.64462    2.520706
               country11 |   38.83396   4.544244     8.55   0.000      29.9274    47.74051
               country12 |  -39.29736   6.069897    -6.47   0.000    -51.19414   -27.40058
               country13 |  -29.98626   6.271828    -4.78   0.000    -42.27881    -17.6937
               country14 |  -25.28635   4.529941    -5.58   0.000    -34.16487   -16.40783
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |  -8.460041   6.866453    -1.23   0.218    -21.91804    4.997959
               country18 |   4.915235   6.140293     0.80   0.423    -7.119518    16.94999
                   OA_24 |   -.034803   .0066275    -5.25   0.000    -.0477926   -.0218133
                   _cons |   98.12962   17.71243     5.54   0.000      63.4139    132.8453
-------------------------+----------------------------------------------------------------
                     rho |   .4272536
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        117
Time variable:    A_year                        Number of groups  =         13
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =          9
                                                              max =         13
Estimated covariances      =        91          R-squared         =     0.9033
Estimated autocorrelations =         1          Wald chi2(22)     =   61813.19
Estimated coefficients     =        23          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   -229.513   131.1003    -1.75   0.080    -486.4649    27.43886
             BB_dunning3 |  -.0777629   .0467562    -1.66   0.096    -.1694033    .0138775
                         |
c.CC_gini3#c.BB_dunning3 |   .2879175   .2002007     1.44   0.150    -.1044686    .6803036
                         |
                 BA_cbi2 |   2.423523   2.529002     0.96   0.338    -2.533229    7.380276
              DA_relprod |   56.29071   34.55012     1.63   0.103    -11.42628    124.0077
                  DA_pc8 |   -.979663    .386403    -2.54   0.011    -1.736999   -.2223271
                 DG_cpi5 |   .1113684   .1918962     0.58   0.562    -.2647411     .487478
             DG_nominal1 |   1.119639   .0943408    11.87   0.000     .9347343    1.304543
                         |
                   OB_01 |
  De facto crawling peg  |    .647077   5.837216     0.11   0.912    -10.79366    12.08781
       Managed floating  |   4.250461   3.214861     1.32   0.186    -2.050552    10.55147
        Freely floating  |   35.12143   43.34808     0.81   0.418    -49.83924    120.0821
                         |
                country2 |   42.08979   39.45431     1.07   0.286    -35.23924    119.4188
                country3 |   45.52145   46.71636     0.97   0.330    -46.04094    137.0838
                country4 |          0  (omitted)
                country5 |   15.90355    38.0309     0.42   0.676    -58.63564    90.44275
                country6 |   53.66027   37.41352     1.43   0.152    -19.66887    126.9894
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   36.58378   48.52081     0.75   0.451    -58.51526    131.6828
               country11 |   45.94803   9.625704     4.77   0.000     27.08199    64.81406
               country12 |   45.26578   45.09996     1.00   0.316    -43.12852    133.6601
               country13 |    37.2006   44.15514     0.84   0.400    -49.34187    123.7431
               country14 |   15.70444    36.7816     0.43   0.669    -56.38617    87.79506
               country15 |   59.79991   33.93847     1.76   0.078    -6.718275    126.3181
               country16 |          0  (omitted)
               country17 |   34.88268   48.84563     0.71   0.475      -60.853    130.6184
               country18 |          0  (omitted)
                 CB_voc8 |  -.2105359   .2809157    -0.75   0.454    -.7611205    .3400487
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .5163436
------------------------------------------------------------------------------------------

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        135
Time variable:    A_year                        Number of groups  =         13
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  10.384615
                                                              max =         22
Estimated covariances      =        91          R-squared         =     0.9336
Estimated autocorrelations =         1          Wald chi2(19)     =   57106.22
Estimated coefficients     =        23          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -97.46606   57.29094    -1.70   0.089    -209.7542    14.82212
             BB_dunning3 |  -.0304702   .0192856    -1.58   0.114    -.0682692    .0073289
                         |
c.CC_gini3#c.BB_dunning3 |   .1182134   .0837273     1.41   0.158    -.0458891    .2823159
                         |
                 BA_cbi2 |   5.330303   1.121301     4.75   0.000     3.132593    7.528012
              DA_relprod |  -41.09652   20.33959    -2.02   0.043    -80.96138   -1.231648
                  DA_pc8 |   .0058197   .2148078     0.03   0.978     -.415196    .4268353
                 DG_cpi5 |  -.1441101   .1154992    -1.25   0.212    -.3704844    .0822642
             DG_nominal1 |   .6867278   .0653449    10.51   0.000     .5586543    .8148014
                         |
                   OB_01 |
  De facto crawling peg  |   8.020191   2.352279     3.41   0.001     3.409809    12.63057
       Managed floating  |  -3.205145    1.30135    -2.46   0.014    -5.755744   -.6545472
        Freely floating  |   59.74601   21.54004     2.77   0.006     17.52831    101.9637
                         |
                country2 |   58.47221   19.58276     2.99   0.003      20.0907    96.85371
                country3 |   61.73115   22.55375     2.74   0.006     17.52662    105.9357
                country4 |          0  (omitted)
                country5 |   35.82786   18.96169     1.89   0.059    -1.336366    72.99208
                country6 |   62.35046   20.01709     3.11   0.002     23.11769    101.5832
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   62.26407   24.23673     2.57   0.010     14.76095    109.7672
               country11 |   38.98216   5.138794     7.59   0.000     28.91031    49.05401
               country12 |   53.53481   21.06848     2.54   0.011     12.24134    94.82828
               country13 |   56.47724   23.12718     2.44   0.015     11.14881    101.8057
               country14 |   58.83613   19.30829     3.05   0.002     20.99258    96.67968
               country15 |   70.43852   18.18069     3.87   0.000     34.80502     106.072
               country16 |          0  (omitted)
               country17 |   71.39942   25.04703     2.85   0.004     22.30814    120.4907
               country18 |          0  (omitted)
                 CB_voc8 |  -.0891875   .1539648    -0.58   0.562    -.3909531     .212578
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .4533038
------------------------------------------------------------------------------------------

. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables T
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Wage-coordination
. 
. global exports_wage_reg1 "xtpcse c.DB_exports_clean5 c.$WC##c.$NTR $controls_exports if A_id
> _number != 14 , pairwise correlation(ar1)"

. global exports_wage_reg2 "xtpcse c.DB_exports_clean6 c.$WC##c.$NTR $controls_exports if A_id
> _number != 14 , pairwise correlation(ar1)"

. global exports_wage_reg3 "xtpcse c.DB_manu1 c.$WC##c.$NTR $controls_exports if A_id_number !
> = 14 , pairwise correlation(ar1)"

. 
. forvalues x=1/1 {
  2.         capture noisily ${exports_wage_reg`x'} 
  3.         }

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country14 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        250
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          6
Sigma computed by pairwise selection                          avg =  14.705882
                                                              max =         31
Estimated covariances      =       153          R-squared         =     0.9643
Estimated autocorrelations =         1          Wald chi2(26)     =  129297.96
Estimated coefficients     =        28          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
      DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -1.550334   3.198231    -0.48   0.628    -7.818751    4.718083
            BB_dunning3 |   -.007073   .0029824    -2.37   0.018    -.0129185   -.0012276
                        |
c.CA_cent#c.BB_dunning3 |   .0341712   .0099539     3.43   0.001     .0146619    .0536804
                        |
                  OB_01 |
 De facto crawling peg  |    -.46959   .6399789    -0.73   0.463    -1.723926    .7847456
      Managed floating  |   .2540014   .8639584     0.29   0.769    -1.439326    1.947329
       Freely floating  |  -.4897858   .8605365    -0.57   0.569    -2.176406    1.196835
                        |
                 DA_pc8 |   .1466607   .1000046     1.47   0.143    -.0493447    .3426662
              DC_total1 |  -.3866253   .1073543    -3.60   0.000    -.5970358   -.1762148
            DD_overall2 |   .2072773    .105962     1.96   0.050    -.0004044    .4149589
               DE_total |   .3840794   .0698674     5.50   0.000     .2471419     .521017
            DG_nominal1 |  -.1921774   .0160695   -11.96   0.000     -.223673   -.1606818
               country2 |   28.18317   3.074341     9.17   0.000     22.15758    34.20877
               country3 |   59.30978   2.781936    21.32   0.000     53.85728    64.76227
               country4 |   19.66201   2.274983     8.64   0.000     15.20312    24.12089
               country5 |   27.80974   2.205222    12.61   0.000     23.48759     32.1319
               country6 |   28.02609   2.432126    11.52   0.000     23.25921    32.79297
               country7 |   15.34842   2.416055     6.35   0.000     10.61303     20.0838
               country8 |   16.26497   2.093498     7.77   0.000     12.16179    20.36815
               country9 |     68.526   3.325361    20.61   0.000     62.00841    75.04358
              country10 |   15.73937     2.2454     7.01   0.000     11.33847    20.14027
              country11 |  -2.532525   2.450015    -1.03   0.301    -7.334466    2.269416
              country12 |   47.74121   2.372611    20.12   0.000     43.09097    52.39144
              country13 |   15.89073   2.346438     6.77   0.000      11.2918    20.48967
              country14 |          0  (omitted)
              country15 |   31.05996   2.345841    13.24   0.000      26.4622    35.65773
              country16 |   22.91041   2.273621    10.08   0.000     18.45419    27.36662
              country17 |   12.61197    2.26085     5.58   0.000     8.180787    17.04316
              country18 |  -4.758788   2.557151    -1.86   0.063    -9.770712    .2531352
                  _cons |   -7.06798   5.626861    -1.26   0.209    -18.09642    3.960465
------------------------+----------------------------------------------------------------
                    rho |   .5700468
-----------------------------------------------------------------------------------------

. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Inequality
. 
. global exports_ineq_reg1 "xtpcse c.DB_exports_clean5 c.$IN##c.$NTR $controls_exports if A_id
> _number != 14 , pairwise correlation(ar1)"

. global exports_ineq_reg2 "xtpcse c.DB_exports_clean6 c.$IN##c.$NTR $controls_exports if A_id
> _number != 14 , pairwise correlation(ar1)"

. global exports_ineq_reg3 "xtpcse c.DB_manu1 c.$IN##c.$NTR $controls_exports if A_id_number !
> = 14 , pairwise correlation(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${exports_ineq_reg`x'} 
  3.         }
note: country14 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        226
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.294118
                                                              max =         26
Estimated covariances      =       153          R-squared         =     0.9668
Estimated autocorrelations =         1          Wald chi2(27)     =  117277.25
Estimated coefficients     =        28          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   -60.7817   18.10646    -3.36   0.001    -96.26971   -25.29369
             BB_dunning3 |   .0214412    .016729     1.28   0.200     -.011347    .0542294
                         |
c.CC_gini3#c.BB_dunning3 |  -.0656808   .0550315    -1.19   0.233    -.1735405    .0421788
                         |
                   OB_01 |
  De facto crawling peg  |  -.1001924   .7583688    -0.13   0.895    -1.586568    1.386183
       Managed floating  |  -1.195897   1.454454    -0.82   0.411    -4.046575    1.654781
        Freely floating  |   .6946108   .9038243     0.77   0.442    -1.076852    2.466074
                         |
                  DA_pc8 |    .204233   .1073697     1.90   0.057    -.0062078    .4146738
               DC_total1 |  -.3689414   .1125904    -3.28   0.001    -.5896144   -.1482684
             DD_overall2 |   .2890045   .1613384     1.79   0.073    -.0272129     .605222
                DE_total |   .3957224   .0832694     4.75   0.000     .2325175    .5589273
             DG_nominal1 |  -.2046229   .0179088   -11.43   0.000    -.2397236   -.1695223
                country2 |   21.72229   2.514604     8.64   0.000     16.79375    26.65082
                country3 |   55.41395   2.483279    22.31   0.000     50.54682    60.28109
                country4 |   15.61656   2.170239     7.20   0.000     11.36297    19.87015
                country5 |   20.23218   2.514772     8.05   0.000     15.30332    25.16104
                country6 |   21.51292   2.328941     9.24   0.000     16.94828    26.07756
                country7 |   12.60024   1.901064     6.63   0.000     8.874225    16.32626
                country8 |   10.94327   1.756617     6.23   0.000     7.500362    14.38617
                country9 |   67.31728   3.061858    21.99   0.000     61.31615    73.31841
               country10 |   15.07965   1.954989     7.71   0.000     11.24794    18.91135
               country11 |  -5.057798   2.078119    -2.43   0.015    -9.130837   -.9847594
               country12 |   44.10314   1.972212    22.36   0.000     40.23768    47.96861
               country13 |    17.2967   2.664748     6.49   0.000     12.07389    22.51951
               country14 |          0  (omitted)
               country15 |   24.42928   2.276832    10.73   0.000     19.96677    28.89179
               country16 |   22.84475   2.353917     9.70   0.000     18.23116    27.45834
               country17 |   14.90937   1.927222     7.74   0.000     11.13208    18.68665
               country18 |  -6.099805   1.891352    -3.23   0.001    -9.806786   -2.392823
                   _cons |   11.16899   7.267857     1.54   0.124    -3.075745    25.41373
-------------------------+----------------------------------------------------------------
                     rho |   .5537266
------------------------------------------------------------------------------------------
note: country14 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        226
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.294118
                                                              max =         26
Estimated covariances      =       153          R-squared         =     0.9652
Estimated autocorrelations =         1          Wald chi2(27)     =   67878.17
Estimated coefficients     =        28          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |    -60.702   18.39557    -3.30   0.001    -96.75665   -24.64734
             BB_dunning3 |    .016845   .0167396     1.01   0.314    -.0159641    .0496541
                         |
c.CC_gini3#c.BB_dunning3 |  -.0582183   .0548826    -1.06   0.289    -.1657862    .0493495
                         |
                   OB_01 |
  De facto crawling peg  |  -.1826559    .752321    -0.24   0.808    -1.657178    1.291866
       Managed floating  |  -1.078867    1.45483    -0.74   0.458     -3.93028    1.772547
        Freely floating  |   .8478407   .8989913     0.94   0.346    -.9141498    2.609831
                         |
                  DA_pc8 |    .177472   .1040946     1.70   0.088    -.0265496    .3814936
               DC_total1 |  -.3804599   .1118932    -3.40   0.001    -.5997666   -.1611533
             DD_overall2 |   .2809754   .1648461     1.70   0.088    -.0421171    .6040678
                DE_total |   .3956859   .0836763     4.73   0.000     .2316835    .5596884
             DG_nominal1 |  -.1978018   .0177853   -11.12   0.000    -.2326603   -.1629432
                country2 |   22.54197    2.59502     8.69   0.000     17.45583    27.62812
                country3 |   56.54058   2.528149    22.36   0.000     51.58549    61.49566
                country4 |   15.77211   2.271757     6.94   0.000     11.31955    20.22467
                country5 |   21.31178   2.555461     8.34   0.000     16.30316    26.32039
                country6 |   21.45704   2.372422     9.04   0.000     16.80718    26.10691
                country7 |    13.6014   1.957085     6.95   0.000     9.765585    17.43722
                country8 |   11.78521    1.83592     6.42   0.000     8.186873    15.38355
                country9 |   68.21582   3.183473    21.43   0.000     61.97633    74.45532
               country10 |   16.03551   2.071357     7.74   0.000     11.97572    20.09529
               country11 |   -4.09954   2.152497    -1.90   0.057    -8.318357    .1192769
               country12 |   44.11445     2.0008    22.05   0.000     40.19295    48.03594
               country13 |   16.46646   2.747072     5.99   0.000     11.08229    21.85062
               country14 |          0  (omitted)
               country15 |   24.65622   2.322113    10.62   0.000     20.10496    29.20747
               country16 |   23.75442   2.369993    10.02   0.000     19.10932    28.39952
               country17 |   15.60256   2.023503     7.71   0.000     11.63656    19.56855
               country18 |  -5.195443   2.008315    -2.59   0.010    -9.131668   -1.259218
                   _cons |   9.793306   7.223793     1.36   0.175    -4.365068    23.95168
-------------------------+----------------------------------------------------------------
                     rho |   .5821255
------------------------------------------------------------------------------------------
note: country14 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        226
Time variable:    A_year                        Number of groups  =         17
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.294118
                                                              max =         26
Estimated covariances      =       153          R-squared         =     0.9740
Estimated autocorrelations =         1          Wald chi2(21)     =   19938.95
Estimated coefficients     =        28          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -33.24473   19.45453    -1.71   0.087     -71.3749    4.885443
             BB_dunning3 |   -.026997   .0185492    -1.46   0.146    -.0633527    .0093587
                         |
c.CC_gini3#c.BB_dunning3 |   .0535117   .0593283     0.90   0.367    -.0627696    .1697931
                         |
                   OB_01 |
  De facto crawling peg  |  -.8419926   .6304276    -1.34   0.182    -2.077608    .3936228
       Managed floating  |  -2.935763   1.694187    -1.73   0.083    -6.256309    .3847834
        Freely floating  |   1.836139   1.132799     1.62   0.105    -.3841065    4.056385
                         |
                  DA_pc8 |   .0341653   .0823208     0.42   0.678    -.1271805    .1955111
               DC_total1 |   -.275269   .0894128    -3.08   0.002    -.4505149   -.1000232
             DD_overall2 |   .2602644   .1334819     1.95   0.051    -.0013553    .5218841
                DE_total |    .131438   .0576631     2.28   0.023     .0184204    .2444556
             DG_nominal1 |  -.0033487   .0182346    -0.18   0.854    -.0390878    .0323904
                country2 |   52.53417   3.126645    16.80   0.000     46.40606    58.66228
                country3 |   47.04901   2.236892    21.03   0.000     42.66478    51.43324
                country4 |   39.68584   1.928103    20.58   0.000     35.90682    43.46485
                country5 |   29.46616   2.172907    13.56   0.000     25.20734    33.72498
                country6 |   53.37944   2.234329    23.89   0.000     49.00024    57.75865
                country7 |    48.8906   1.832261    26.68   0.000     45.29943    52.48176
                country8 |   52.30947   1.886641    27.73   0.000     48.61172    56.00722
                country9 |   48.36717   2.605732    18.56   0.000     43.26003    53.47431
               country10 |   61.47685   2.056383    29.90   0.000     57.44642    65.50729
               country11 |   63.19204   1.635714    38.63   0.000     59.98609    66.39798
               country12 |   30.56048    2.38053    12.84   0.000     25.89473    35.22623
               country13 |   2.479722   3.062525     0.81   0.418    -3.522717     8.48216
               country14 |          0  (omitted)
               country15 |   52.14348    2.59736    20.08   0.000     47.05275    57.23421
               country16 |    56.2341   1.919372    29.30   0.000      52.4722      59.996
               country17 |   53.50571   2.653593    20.16   0.000     48.30476    58.70666
               country18 |   45.75993   1.714297    26.69   0.000     42.39997    49.11989
                   _cons |   25.41811     6.2458     4.07   0.000     13.17657    37.65966
-------------------------+----------------------------------------------------------------
                     rho |    .470237
------------------------------------------------------------------------------------------

. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables U
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Wage coordination
. 
. global wages_wage_reg1 "xtpcse c.DD_overall3 c.$WC##c.$NTR $controls_wages if A_id_number !=
>  14 , pairwise correlation(ar1)"

. global wages_wage_reg2 "xtpcse c.DD_rate1 c.$WC##c.$NTR $controls_wages if A_id_number != 14
>  , pairwise correlation(ar1)"

. global wages_wage_reg3 "xtpcse c.DD_manu1 c.$WC##c.$NTR $controls_wages if A_id_number != 14
>  , pairwise correlation(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${wages_wage_reg`x'} 
  3.         }

Number of gaps in sample:  8
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        182
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  12.133333
                                                              max =         31
Estimated covariances      =       120          R-squared         =     0.8977
Estimated autocorrelations =         1          Wald chi2(20)     =   23628.08
Estimated coefficients     =        23          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
            DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |  -20.89604   20.07998    -1.04   0.298    -60.25208    18.46001
            BB_dunning3 |   .0233773   .0085089     2.75   0.006     .0067001    .0400545
                        |
c.CA_cent#c.BB_dunning3 |  -.0802077   .0318725    -2.52   0.012    -.1426766   -.0177388
                        |
             CA_golden3 |   6.170043    41.6924     0.15   0.882    -75.54556    87.88564
                 DA_pc8 |  -.8096593   .1985303    -4.08   0.000    -1.198772    -.420547
              DC_total1 |  -.2122738   .2278722    -0.93   0.352    -.6588952    .2343476
               DE_total |   1.779641   .0664049    26.80   0.000      1.64949    1.909793
                DG_cpi5 |  -.8396776   .2679185    -3.13   0.002    -1.364788   -.3145669
               country2 |  -.2424839   10.87886    -0.02   0.982    -21.56466    21.07969
               country3 |   9.344619   6.561221     1.42   0.154    -3.515138    22.20438
               country4 |  -18.15733   7.667768    -2.37   0.018    -33.18588   -3.128783
               country5 |   4.989886   5.955855     0.84   0.402    -6.683376    16.66315
               country6 |  -.9242904   6.725529    -0.14   0.891    -14.10608     12.2575
               country7 |  -11.20583   8.908068    -1.26   0.208    -28.66532    6.253665
               country8 |   10.63492   6.274784     1.69   0.090    -1.663432    22.93327
               country9 |          0  (omitted)
              country10 |   -18.6623   7.151689    -2.61   0.009    -32.67935   -4.645247
              country11 |  -10.50809   9.046348    -1.16   0.245    -28.23861    7.222421
              country12 |  -3.430803   5.857766    -0.59   0.558    -14.91181    8.050207
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |  -9.852866   6.210492    -1.59   0.113    -22.02521    2.319475
              country16 |  -17.62979   9.020699    -1.95   0.051    -35.31004     .050451
              country17 |  -12.70604   10.57864    -1.20   0.230    -33.43978    8.027707
              country18 |  -27.19901   10.09428    -2.69   0.007    -46.98344   -7.414585
                  _cons |  -36.79567   13.41317    -2.74   0.006    -63.08499   -10.50635
------------------------+----------------------------------------------------------------
                    rho |   .6108057
-----------------------------------------------------------------------------------------

Number of gaps in sample:  7
(note: computations for rho restarted at each gap)
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        128
Time variable:    A_year                        Number of groups  =         11
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.636364
                                                              max =         16
Estimated covariances      =        66          R-squared         =     0.9212
Estimated autocorrelations =         1          Wald chi2(18)     =   34948.33
Estimated coefficients     =        19          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   7.836327   12.19886     0.64   0.521    -16.07301    31.74566
            BB_dunning3 |   .0301342   .0104404     2.89   0.004     .0096714    .0505969
                        |
c.CA_cent#c.BB_dunning3 |  -.0718836   .0286104    -2.51   0.012    -.1279589   -.0158083
                        |
             CA_golden3 |  -56.72162   33.70372    -1.68   0.092    -122.7797    9.336462
                 DA_pc8 |   -.333086   .1965358    -1.69   0.090    -.7182892    .0521172
              DC_total1 |  -.2018463    .177938    -1.13   0.257    -.5505983    .1469058
               DE_total |    1.13539   .0466473    24.34   0.000     1.043963    1.226817
                DG_cpi5 |  -.9651405   .2585283    -3.73   0.000    -1.471847   -.4584343
               country2 |    27.3658   7.230557     3.78   0.000     13.19417    41.53743
               country3 |   12.75599   3.994708     3.19   0.001     4.926501    20.58547
               country4 |          0  (omitted)
               country5 |   1.351203   3.787141     0.36   0.721    -6.071458    8.773863
               country6 |          0  (omitted)
               country7 |   9.249409   4.915963     1.88   0.060    -.3857026    18.88452
               country8 |   10.98521   3.812507     2.88   0.004     3.512834    18.45759
               country9 |          0  (omitted)
              country10 |   5.391757   4.209275     1.28   0.200    -2.858271    13.64179
              country11 |   30.72846   5.028882     6.11   0.000     20.87203    40.58489
              country12 |   9.714065   3.654555     2.66   0.008     2.551268    16.87686
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |    2.16779   3.828374     0.57   0.571    -5.335685    9.671265
              country16 |          0  (omitted)
              country17 |   2.256078   5.891731     0.38   0.702    -9.291502    13.80366
              country18 |          0  (omitted)
                  _cons |  -34.57146    8.34051    -4.15   0.000    -50.91856   -18.22436
------------------------+----------------------------------------------------------------
                    rho |   .4124477
-----------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         63
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =         21
                                                              max =         31
Estimated covariances      =         6          R-squared         =     0.9510
Estimated autocorrelations =         1          Wald chi2(10)     =    1293.43
Estimated coefficients     =        11          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |    182.196   47.43684     3.84   0.000     89.22145    275.1705
            BB_dunning3 |   .0444824   .0067401     6.60   0.000     .0312721    .0576927
                        |
c.CA_cent#c.BB_dunning3 |  -.1803566   .0314635    -5.73   0.000    -.2420239   -.1186892
                        |
             CA_golden3 |   39.29362   36.31113     1.08   0.279    -31.87488    110.4621
                 DA_pc8 |  -.9155414   .1534516    -5.97   0.000    -1.216301   -.6147818
              DC_total1 |  -.7806528   .1902254    -4.10   0.000    -1.153488   -.4078178
               DE_total |   1.476531   .0768694    19.21   0.000      1.32587    1.627192
                DG_cpi5 |  -1.108502   .2108613    -5.26   0.000    -1.521783   -.6952215
               country2 |          0  (omitted)
               country3 |          0  (omitted)
               country4 |          0  (omitted)
               country5 |          0  (omitted)
               country6 |  -25.01899   7.300848    -3.43   0.001    -39.32839   -10.70959
               country7 |          0  (omitted)
               country8 |          0  (omitted)
               country9 |          0  (omitted)
              country10 |          0  (omitted)
              country11 |          0  (omitted)
              country12 |          0  (omitted)
              country13 |          0  (omitted)
              country14 |          0  (omitted)
              country15 |          0  (omitted)
              country16 |          0  (omitted)
              country17 |          0  (omitted)
              country18 |   7.023495   6.065741     1.16   0.247     -4.86514    18.91213
                  _cons |  -89.17727   10.97381    -8.13   0.000    -110.6855   -67.66899
------------------------+----------------------------------------------------------------
                    rho |   .4777138
-----------------------------------------------------------------------------------------

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Inequality
. 
. global wages_ineq_reg1 "xtpcse c.DD_overall3 c.$IN##c.$NTR $controls_wages if A_id_number !=
>  14 , pairwise correlation(ar1)"

. global wages_ineq_reg2 "xtpcse c.DD_rate1 c.$IN##c.$NTR $controls_wages if A_id_number != 14
>  , pairwise correlation(ar1)"

. global wages_ineq_reg3 "xtpcse c.DD_manu1 c.$IN##c.$NTR $controls_wages if A_id_number != 14
>  , pairwise correlation(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${wages_ineq_reg`x'} 
  3.         }

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country16 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        165
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.785714
                                                              max =         26
Estimated covariances      =       105          R-squared         =     0.9033
Estimated autocorrelations =         1          Wald chi2(20)     =    3809.11
Estimated coefficients     =        22          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
             DD_overall3 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |     169.42    39.2156     4.32   0.000     92.55885    246.2812
             BB_dunning3 |   -.116476   .0414901    -2.81   0.005    -.1977951    -.035157
                         |
c.CC_gini3#c.BB_dunning3 |   .3804347   .1300771     2.92   0.003     .1254883    .6353812
                         |
              CA_golden3 |   11.15938   33.50916     0.33   0.739    -54.51736    76.83613
                  DA_pc8 |  -.7004903   .1976716    -3.54   0.000     -1.08792    -.313061
               DC_total1 |  -.1661877   .2033301    -0.82   0.414    -.5647074    .2323321
                DE_total |   1.473109   .0555154    26.54   0.000     1.364301    1.581917
                 DG_cpi5 |  -.8218423   .2580771    -3.18   0.001    -1.327664   -.3160204
                country2 |    8.03043   4.126681     1.95   0.052    -.0577169    16.11858
                country3 |   18.61874   3.725169     5.00   0.000     11.31754    25.91993
                country4 |    2.21082   4.087745     0.54   0.589    -5.801013    10.22265
                country5 |   23.09213   4.287496     5.39   0.000      14.6888    31.49547
                country6 |   18.49513   4.660078     3.97   0.000      9.36155    27.62872
                country7 |   2.660989    3.36258     0.79   0.429    -3.929546    9.251524
                country8 |   25.27793   3.619627     6.98   0.000     18.18359    32.37227
                country9 |          0  (omitted)
               country10 |  -11.90428   3.660041    -3.25   0.001    -19.07783   -4.730731
               country11 |  -2.047584   4.279464    -0.48   0.632    -10.43518    6.340011
               country12 |   5.792971   3.453807     1.68   0.093     -.976366    12.56231
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |   12.08137   5.948059     2.03   0.042      .423386    23.73935
               country16 |          0  (omitted)
               country17 |  -6.675033   3.924302    -1.70   0.089    -14.36652    1.016458
               country18 |  -18.83739   3.575175    -5.27   0.000     -25.8446   -11.83018
                   _cons |  -79.02537   13.61981    -5.80   0.000    -105.7197   -52.33103
-------------------------+----------------------------------------------------------------
                     rho |   .5358382
------------------------------------------------------------------------------------------
note: country4 omitted because of collinearity
note: country6 omitted because of collinearity
note: country9 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country16 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        125
Time variable:    A_year                        Number of groups  =         11
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  11.363636
                                                              max =         16
Estimated covariances      =        66          R-squared         =     0.9374
Estimated autocorrelations =         1          Wald chi2(18)     =   57868.93
Estimated coefficients     =        19          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_rate1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |   146.5435   25.96394     5.64   0.000     95.65507    197.4318
             BB_dunning3 |  -.0037522   .0244445    -0.15   0.878    -.0516625    .0441581
                         |
c.CC_gini3#c.BB_dunning3 |   .0351263   .0751993     0.47   0.640    -.1122617    .1825143
                         |
              CA_golden3 |  -5.914661   25.49516    -0.23   0.817    -55.88427    44.05494
                  DA_pc8 |   -.404009   .1787002    -2.26   0.024     -.754255   -.0537629
               DC_total1 |   .0306987   .1612327     0.19   0.849    -.2853115    .3467089
                DE_total |   1.054986    .037989    27.77   0.000     .9805286    1.129443
                 DG_cpi5 |   -.432732   .2115185    -2.05   0.041    -.8473006   -.0181634
                country2 |   46.09473   2.707168    17.03   0.000     40.78878    51.40068
                country3 |   19.70271   2.280285     8.64   0.000     15.23344    24.17199
                country4 |          0  (omitted)
                country5 |   19.01726   3.723094     5.11   0.000     11.72013    26.31439
                country6 |          0  (omitted)
                country7 |    13.4704   2.200346     6.12   0.000     9.157795    17.78299
                country8 |    21.5928   2.263031     9.54   0.000     17.15734    26.02826
                country9 |          0  (omitted)
               country10 |    4.76301   2.668777     1.78   0.074    -.4676974    9.993717
               country11 |   33.90397    2.66689    12.71   0.000     28.67696    39.13098
               country12 |   18.97753   2.347129     8.09   0.000     14.37724    23.57782
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |   19.98066   3.840508     5.20   0.000      12.4534    27.50791
               country16 |          0  (omitted)
               country17 |  -1.427138   2.519764    -0.57   0.571    -6.365785    3.511508
               country18 |          0  (omitted)
                   _cons |   -76.4681   8.571996    -8.92   0.000     -93.2689    -59.6673
-------------------------+----------------------------------------------------------------
                     rho |   .5623643
------------------------------------------------------------------------------------------
note: country2 omitted because of collinearity
note: country3 omitted because of collinearity
note: country5 omitted because of collinearity
note: country7 omitted because of collinearity
note: country8 omitted because of collinearity
note: country9 omitted because of collinearity
note: country10 omitted because of collinearity
note: country11 omitted because of collinearity
note: country12 omitted because of collinearity
note: country13 omitted because of collinearity
note: country14 omitted because of collinearity
note: country15 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =         58
Time variable:    A_year                        Number of groups  =          3
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =         16
Sigma computed by pairwise selection                          avg =  19.333333
                                                              max =         26
Estimated covariances      =         6          R-squared         =     0.9198
Estimated autocorrelations =         1          Wald chi2(10)     =     808.34
Estimated coefficients     =        11          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DD_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -115.9913   99.28931    -1.17   0.243    -310.5947     78.6122
             BB_dunning3 |  -.1026965   .0375871    -2.73   0.006    -.1763659   -.0290271
                         |
c.CC_gini3#c.BB_dunning3 |   .3399623    .117012     2.91   0.004     .1106229    .5693017
                         |
              CA_golden3 |   48.50413   33.44607     1.45   0.147    -17.04896    114.0572
                  DA_pc8 |  -.8423027    .154418    -5.45   0.000    -1.144957   -.5396489
               DC_total1 |  -.6752294   .1463622    -4.61   0.000    -.9620941   -.3883646
                DE_total |   1.524541   .1585552     9.62   0.000     1.213778    1.835303
                 DG_cpi5 |  -1.006325   .2158719    -4.66   0.000    -1.429426   -.5832238
                country2 |          0  (omitted)
                country3 |          0  (omitted)
                country4 |          0  (omitted)
                country5 |          0  (omitted)
                country6 |  -9.754376   6.032675    -1.62   0.106     -21.5782    2.069451
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |          0  (omitted)
               country11 |          0  (omitted)
               country12 |          0  (omitted)
               country13 |          0  (omitted)
               country14 |          0  (omitted)
               country15 |          0  (omitted)
               country16 |          0  (omitted)
               country17 |          0  (omitted)
               country18 |  -7.577513   7.304834    -1.04   0.300    -21.89472    6.739698
                   _cons |  -12.40555   17.80275    -0.70   0.486    -47.29829    22.48719
-------------------------+----------------------------------------------------------------
                     rho |   .4797066
------------------------------------------------------------------------------------------

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables V
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Wage coordination
. 
. global reer_wage_reg1 "xtpcse c.DG_reer2 c.$WC##c.$NTR $controls_reer if A_id_number != 14 ,
>  pairwise correlation(ar1)"

. global reer_wage_reg2 "xtpcse c.DG_reer1 c.$WC##c.$NTR $controls_reer if A_id_number != 14 ,
>  pairwise correlation(ar1)"

. 
. forvalues x=1/2 {
  2.         capture noisily ${reer_wage_reg`x'} 
  3.         }

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country14 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        147
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =        9.8
                                                              max =         13
Estimated covariances      =       120          R-squared         =     0.8418
Estimated autocorrelations =         1          Wald chi2(23)     =   65817.88
Estimated coefficients     =        24          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   46.05872   20.80519     2.21   0.027     5.281292    86.83615
            BB_dunning3 |   .0739085   .0235712     3.14   0.002     .0277098    .1201072
                        |
c.CA_cent#c.BB_dunning3 |  -.1820391   .0446481    -4.08   0.000    -.2695477   -.0945304
                        |
                BA_cbi2 |  -10.88517   4.976312    -2.19   0.029    -20.63856   -1.131775
             DA_relprod |   120.4788   45.79148     2.63   0.009     30.72917    210.2285
                 DA_pc8 |  -1.092589   .4320287    -2.53   0.011     -1.93935   -.2458283
                DG_cpi5 |    .166779   .2225625     0.75   0.454    -.2694356    .6029935
            DG_nominal1 |   .9926826   .1194692     8.31   0.000     .7585273    1.226838
                        |
                  OB_01 |
 De facto crawling peg  |  -3.635793   6.218669    -0.58   0.559    -15.82416    8.552575
      Managed floating  |   6.622038   4.287172     1.54   0.122    -1.780665    15.02474
       Freely floating  |  -41.49725    22.7714    -1.82   0.068    -86.12837    3.133862
                        |
               country2 |  -32.48118   22.02591    -1.47   0.140    -75.65117     10.6888
               country3 |  -18.18191    12.5859    -1.44   0.149    -42.84981    6.485997
               country4 |  -37.47116   25.21852    -1.49   0.137    -86.89856    11.95623
               country5 |  -11.51116   7.063066    -1.63   0.103    -25.35451    2.332198
               country6 |    9.22831   15.51292     0.59   0.552    -21.17645    39.63307
               country7 |          0  (omitted)
               country8 |   45.75706   21.15554     2.16   0.031     4.292962    87.22115
               country9 |          0  (omitted)
              country10 |  -38.79116   18.42308    -2.11   0.035    -74.89974   -2.682576
              country11 |   55.93523   16.71425     3.35   0.001     23.17591    88.69455
              country12 |   -.528584   10.19014    -0.05   0.959    -20.50089    19.44372
              country13 |  -21.69068    12.1483    -1.79   0.074    -45.50091     2.11955
              country14 |          0  (omitted)
              country15 |  -1.251712   19.28542    -0.06   0.948    -39.05044    36.54702
              country16 |          0  (omitted)
              country17 |  -42.45155   13.97607    -3.04   0.002    -69.84414   -15.05896
              country18 |   55.69347   18.45664     3.02   0.003     19.51912    91.86783
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .5838831
-----------------------------------------------------------------------------------------

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country14 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        205
Time variable:    A_year                        Number of groups  =         15
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  13.666667
                                                              max =         22
Estimated covariances      =       120          R-squared         =     0.8455
Estimated autocorrelations =         1          Wald chi2(22)     =  439998.20
Estimated coefficients     =        24          Prob > chi2       =     0.0000

-----------------------------------------------------------------------------------------
                        |           Panel-corrected
               DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------------+----------------------------------------------------------------
                CA_cent |   22.28653    14.7335     1.51   0.130      -6.5906    51.16365
            BB_dunning3 |   .0797183   .0142891     5.58   0.000     .0517122    .1077245
                        |
c.CA_cent#c.BB_dunning3 |  -.1571474   .0334036    -4.70   0.000    -.2226173   -.0916776
                        |
                BA_cbi2 |   15.36892   2.026262     7.58   0.000     11.39752    19.34032
             DA_relprod |  -70.84086   19.45849    -3.64   0.000    -108.9788   -32.70293
                 DA_pc8 |   .1461461   .1886414     0.77   0.438    -.2235842    .5158764
                DG_cpi5 |  -.1905029   .1426354    -1.34   0.182    -.4700631    .0890573
            DG_nominal1 |   .4173046   .0611877     6.82   0.000      .297379    .5372303
                        |
                  OB_01 |
 De facto crawling peg  |   3.028284   1.844503     1.64   0.101    -.5868746    6.643442
      Managed floating  |   4.011075   2.693191     1.49   0.136    -1.267482    9.289632
       Freely floating  |    43.6753   9.678049     4.51   0.000     24.70667    62.64393
                        |
               country2 |   18.15277   12.24492     1.48   0.138    -5.846837    42.15238
               country3 |   25.12515   5.237694     4.80   0.000     14.85946    35.39084
               country4 |   34.74503   10.29288     3.38   0.001     14.57137     54.9187
               country5 |  -4.576934   4.695305    -0.97   0.330    -13.77956    4.625694
               country6 |   44.91155   7.063402     6.36   0.000     31.06754    58.75556
               country7 |          0  (omitted)
               country8 |  -35.37276    8.66602    -4.08   0.000    -52.35785   -18.38767
               country9 |          0  (omitted)
              country10 |   41.92536   7.992666     5.25   0.000     26.26002     57.5907
              country11 |   13.73686   8.968329     1.53   0.126     -3.84074    31.31446
              country12 |    7.24579   4.609957     1.57   0.116     -1.78956    16.28114
              country13 |   2.944279   5.751414     0.51   0.609    -8.328286    14.21684
              country14 |          0  (omitted)
              country15 |   44.97713   8.965706     5.02   0.000     27.40467     62.5496
              country16 |          0  (omitted)
              country17 |   36.84713     6.9338     5.31   0.000     23.25713    50.43713
              country18 |   -21.3978   10.36818    -2.06   0.039    -41.71906    -1.07653
                  _cons |          0  (omitted)
------------------------+----------------------------------------------------------------
                    rho |   .6062074
-----------------------------------------------------------------------------------------

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // Inequality
. 
. global reer_ineq_reg1 "xtpcse c.DG_reer2 c.$IN##c.$NTR $controls_reer if A_id_number != 14 ,
>  pairwise correlation(ar1)"

. global reer_ineq_reg2 "xtpcse c.DG_reer1 c.$IN##c.$NTR $controls_reer if A_id_number != 14 ,
>  pairwise correlation(ar1)"

. 
. forvalues x=1/2 {
  2.         capture noisily ${reer_ineq_reg`x'}
  3.         }
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country14 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        133
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =        9.5
                                                              max =         13
Estimated covariances      =       105          R-squared         =     0.8483
Estimated autocorrelations =         1          Wald chi2(22)     =   30682.02
Estimated coefficients     =        23          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer2 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -441.3074   142.1327    -3.10   0.002    -719.8823   -162.7325
             BB_dunning3 |  -.4183546   .1144086    -3.66   0.000    -.6425913   -.1941179
                         |
c.CC_gini3#c.BB_dunning3 |    1.47405   .3709154     3.97   0.000     .7470691    2.201031
                         |
                 BA_cbi2 |   3.534085   3.302382     1.07   0.285    -2.938464    10.00663
              DA_relprod |   69.70504    50.9564     1.37   0.171    -30.16768    169.5778
                  DA_pc8 |  -.7293408   .4849935    -1.50   0.133    -1.679911     .221229
                 DG_cpi5 |   .0919972   .2092116     0.44   0.660    -.3180499    .5020443
             DG_nominal1 |   .9717323   .1252448     7.76   0.000      .726257    1.217208
                         |
                   OB_01 |
  De facto crawling peg  |   -2.04561   6.792195    -0.30   0.763    -15.35807    11.26685
       Managed floating  |   2.101082   3.103102     0.68   0.498    -3.980887     8.18305
        Freely floating  |   89.58408   53.19828     1.68   0.092    -14.68265    193.8508
                         |
                country2 |   91.79078   47.95255     1.91   0.056    -2.194495     185.776
                country3 |   103.5944   53.54983     1.93   0.053    -1.361345    208.5501
                country4 |   116.0078   56.96577     2.04   0.042     4.356982    227.6587
                country5 |   68.00742   47.10172     1.44   0.149    -24.31025    160.3251
                country6 |   103.2756   49.14211     2.10   0.036     6.958811    199.5924
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   107.1791   61.06771     1.76   0.079    -12.51136    226.8696
               country11 |   52.84778      10.28     5.14   0.000     32.69935    72.99621
               country12 |   101.9702   52.93885     1.93   0.054    -1.788008    205.7285
               country13 |   105.9828    58.1777     1.82   0.068    -8.043419     220.009
               country14 |          0  (omitted)
               country15 |   111.7037   44.71837     2.50   0.012     24.05734    199.3501
               country16 |          0  (omitted)
               country17 |   109.0447   61.53987     1.77   0.076    -11.57126    229.6606
               country18 |   40.85935   12.16561     3.36   0.001      17.0152    64.70351
                   _cons |          0  (omitted)
-------------------------+----------------------------------------------------------------
                     rho |   .6003219
------------------------------------------------------------------------------------------
note: country7 omitted because of collinearity
note: country9 omitted because of collinearity
note: country14 omitted because of collinearity
note: country16 omitted because of collinearity
note: country17 omitted because of collinearity
note: country18 omitted because of collinearity

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        158
Time variable:    A_year                        Number of groups  =         14
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          2
Sigma computed by pairwise selection                          avg =  11.285714
                                                              max =         22
Estimated covariances      =       105          R-squared         =     0.8430
Estimated autocorrelations =         1          Wald chi2(19)     =    3950.66
Estimated coefficients     =        23          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DG_reer1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                CC_gini3 |  -273.3181   61.45428    -4.45   0.000    -393.7662   -152.8699
             BB_dunning3 |  -.3279127   .0568639    -5.77   0.000    -.4393638   -.2164616
                         |
c.CC_gini3#c.BB_dunning3 |   1.229905   .2082242     5.91   0.000     .8217929    1.638017
                         |
                 BA_cbi2 |   8.582825   1.408611     6.09   0.000     5.821998    11.34365
              DA_relprod |  -36.66751   20.30314    -1.81   0.071    -76.46093    3.125901
                  DA_pc8 |   .0766249   .2687338     0.29   0.776    -.4500836    .6033333
                 DG_cpi5 |  -.2646755   .1291375    -2.05   0.040    -.5177803   -.0115707
             DG_nominal1 |   .5615581   .0718344     7.82   0.000     .4207653    .7023509
                         |
                   OB_01 |
  De facto crawling peg  |   7.685215   2.384539     3.22   0.001     3.011604    12.35883
       Managed floating  |  -4.511063   2.596189    -1.74   0.082    -9.599499    .5773733
        Freely floating  |   -11.3312   2.126315    -5.33   0.000     -15.4987   -7.163694
                         |
                country2 |  -11.24577   3.082421    -3.65   0.000     -17.2872   -5.204337
                country3 |          0  (omitted)
                country4 |   .7960009   4.403124     0.18   0.857    -7.833964    9.425966
                country5 |  -37.60828   5.179199    -7.26   0.000    -47.75933   -27.45724
                country6 |  -7.879974   4.180569    -1.88   0.059    -16.07374    .3137904
                country7 |          0  (omitted)
                country8 |          0  (omitted)
                country9 |          0  (omitted)
               country10 |   10.24244   3.539279     2.89   0.004     3.305577     17.1793
               country11 |   48.81467   4.880648    10.00   0.000     39.24878    58.38057
               country12 |  -15.12221   2.740157    -5.52   0.000    -20.49282     -9.7516
               country13 |  -2.988071   4.107938    -0.73   0.467    -11.03948    5.063339
               country14 |          0  (omitted)
               country15 |   3.110158    6.49611     0.48   0.632    -9.621983     15.8423
               country16 |          0  (omitted)
               country17 |   19.66034   5.214481     3.77   0.000     9.440144    29.88053
               country18 |   8.638659   6.965679     1.24   0.215    -5.013821    22.29114
                   _cons |   110.1137   22.98731     4.79   0.000      65.0594     155.168
-------------------------+----------------------------------------------------------------
                     rho |   .4400292
------------------------------------------------------------------------------------------

. 
. 
. 
. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables W & Figure B
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. 
. global exports_both_reg1 "xtpcse c.DB_exports_clean5 c.$WC##c.$NTR c.$IN##c.$NTR $controls_e
> xports  , pairwise correlation(ar1)"

. global exports_both_reg2 "xtpcse c.DB_exports_clean6 c.$WC##c.$NTR c.$IN##c.$NTR $controls_e
> xports  , pairwise correlation(ar1)"

. global exports_both_reg3 "xtpcse c.DB_manu1 c.$WC##c.$NTR c.$IN##c.$NTR $controls_exports  ,
>  pairwise correlation(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${exports_both_reg`x'}
  3.         estimates store exports_both_reg`x'_est
  4.         if _rc == 0 { 
  5. 
.                 // SUMMARY - marginal effects with NTR at mean
.                 
.                         estimates restore exports_both_reg`x'_est
  6.                         capture noisily margins , dydx($NTR) atmeans ///
>                         at((p10) $IN (p90) $WC) /// 
>                         at((p10) $IN (p10) $WC) /// 
>                         at((p90) $IN (p90) $WC) ///
>                         at((p90) $IN (p10) $WC) post
  7.                         
.                         test _b[1._at] = _b[2._at]
  8.                         test _b[1._at] = _b[3._at]
  9.                         test _b[1._at] = _b[4._at]
 10.                         test _b[2._at] = _b[3._at]
 11.                         test _b[2._at] = _b[4._at]
 12.                         test _b[3._at] = _b[4._at]
 13.                          
.                         estimates restore exports_both_reg`x'_est
 14.                         capture noisily margins , dydx($NTR) atmeans ///
>                         at((p10) $IN (p90) $WC) /// 
>                         at((p10) $IN (p10) $WC) /// 
>                         at((p90) $IN (p90) $WC) ///
>                         at((p90) $IN (p10) $WC) noatlegend force
 15.                          
.                         matrix t = r(table)
 16.                         
.                         local dist1_mean = t[1,1]
 17.                         local dist1_se = t[2,1]
 18.                         local dist2_mean = t[1,2]
 19.                         local dist2_se = t[2,2]
 20.                         local dist3_mean = t[1,3]
 21.                         local dist3_se = t[2,3]
 22.                         local dist4_mean = t[1,4]
 23.                         local dist4_se = t[2,4]
 24.                         
.                         // range_high
.                         if `dist1_mean' >= `dist2_mean' & `dist1_mean' >= `dist3_mean' & `di
> st1_mean' >= `dist4_mean'{
 25.                                 local range_high = `dist1_mean' + 5*abs(`dist1_se')
 26.                         }
 27.                         if `dist2_mean' >= `dist1_mean' & `dist2_mean' >= `dist3_mean' & 
> `dist2_mean' >= `dist4_mean'{
 28.                                 local range_high = `dist2_mean' + 5*abs(`dist2_se')
 29.                         }
 30.                         if `dist3_mean' >= `dist1_mean' & `dist3_mean' >= `dist2_mean' & 
> `dist3_mean' >= `dist4_mean'{
 31.                                 local range_high = `dist3_mean' + 5*abs(`dist3_se')
 32.                         }
 33.                         if `dist4_mean' >= `dist1_mean' & `dist4_mean' >= `dist2_mean' & 
> `dist4_mean' >= `dist3_mean'{
 34.                                 local range_high = `dist4_mean' + 5*abs(`dist4_se')
 35.                         }
 36.                         
.                         // range_low
.                         if `dist1_mean' <= `dist2_mean' & `dist1_mean' <= `dist3_mean' & `di
> st1_mean' <= `dist4_mean'{
 37.                                 local range_low = `dist1_mean' - 5*abs(`dist1_se')
 38.                         }
 39.                         if `dist2_mean' <= `dist1_mean' & `dist2_mean' <= `dist3_mean' & 
> `dist2_mean' <= `dist4_mean'{
 40.                                 local range_low = `dist2_mean' - 5*abs(`dist2_se')
 41.                         }
 42.                         if `dist3_mean' <= `dist1_mean' & `dist3_mean' <= `dist2_mean' & 
> `dist3_mean' <= `dist4_mean'{
 43.                                 local range_low = `dist3_mean' - 5*abs(`dist3_se')
 44.                         }
 45.                         if `dist4_mean' <= `dist1_mean' & `dist4_mean' <= `dist2_mean' & 
> `dist4_mean' <= `dist3_mean'{
 46.                                 local range_low = `dist4_mean' - 5*abs(`dist4_se')
 47.                         }
 48.                         
. 
.                         graph twoway ///
>                         (function y=normalden(x,`dist1_mean',`dist1_se'), range(`range_low' 
> `range_high') lw(medthick)) ///
>                         (function y=normalden(x,`dist2_mean',`dist2_se'), range(`range_low' 
> `range_high') lw(medthick)) ///
>                         (function y=normalden(x,`dist3_mean',`dist3_se'), range(`range_low' 
> `range_high') lw(medthick)) ///
>                         (function y=normalden(x,`dist4_mean',`dist4_se'), range(`range_low' 
> `range_high') lw(medthick)), ///
>                         legend(cols(1) label(1 "high wage coordination, low inequality") ///
>                         label(2 "low wage coordination, low inequality") ///
>                         label(3 "high wage coordination, high inequality") ///
>                         label(4 "low wage coordination, high inequality")) ///
>                         yline(0) xline(0) ytitle("") xtitle("Marginal effect of natural reso
> urces on exports") ///
>                         title("Effect of natural resources on exports" "for different combin
> ations of wage coordination and inequality")
 49.                         capture noisily graph export "G_exports_both_reg`x'_marg.pdf", re
> place
 50.                 
.                 
.                 }
 51.         }

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: BB_dunning3 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        239
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.277778
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9601
Estimated autocorrelations =         1          Wald chi2(26)     =   27915.95
Estimated coefficients     =        31          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                 CA_cent |   1.282445   3.332939     0.38   0.700    -5.249995    7.814886
             BB_dunning3 |   .0003984   .0023297     0.17   0.864    -.0041678    .0049646
                         |
 c.CA_cent#c.BB_dunning3 |   .0117291   .0067557     1.74   0.083    -.0015119      .02497
                         |
                CC_gini3 |  -68.54572   20.42317    -3.36   0.001    -108.5744   -28.51705
             BB_dunning3 |          0  (omitted)
                         |
c.CC_gini3#c.BB_dunning3 |  -.0242269   .0111166    -2.18   0.029     -.046015   -.0024387
                         |
                   OB_01 |
  De facto crawling peg  |  -.9013642   .7857913    -1.15   0.251    -2.441487    .6387584
       Managed floating  |  -.5856996   1.486909    -0.39   0.694    -3.499988    2.328588
        Freely floating  |   .6462517   .9616953     0.67   0.502    -1.238637     2.53114
                         |
                  DA_pc8 |   .2211972   .1128337     1.96   0.050     .0000472    .4423472
               DC_total1 |  -.3763618   .1198753    -3.14   0.002    -.6113131   -.1414106
             DD_overall2 |   .1631947   .1742982     0.94   0.349    -.1784235    .5048129
                DE_total |   .3784806   .0821003     4.61   0.000      .217567    .5393943
             DG_nominal1 |  -.1782987   .0162163   -11.00   0.000    -.2100821   -.1465153
                country2 |   18.53712   3.156789     5.87   0.000     12.34993    24.72431
                country3 |   53.35219   2.504597    21.30   0.000     48.44327    58.26111
                country4 |    19.0908   2.332586     8.18   0.000     14.51902    23.66258
                country5 |   18.57132   2.644752     7.02   0.000      13.3877    23.75494
                country6 |   18.53036     2.4836     7.46   0.000      13.6626    23.39813
                country7 |   10.84331   2.232992     4.86   0.000     6.466731     15.2199
                country8 |   8.813537   1.873609     4.70   0.000     5.141332    12.48574
                country9 |   65.56123   3.066078    21.38   0.000     59.55182    71.57063
               country10 |   13.09678    2.27632     5.75   0.000     8.635274    17.55829
               country11 |  -6.417134   2.183791    -2.94   0.003    -10.69729   -2.136982
               country12 |   42.13784   2.167549    19.44   0.000     37.88952    46.38615
               country13 |   15.28857   3.224777     4.74   0.000     8.968129    21.60902
               country14 |   13.84797   2.794636     4.96   0.000     8.370589    19.32536
               country15 |   20.90205   2.370905     8.82   0.000     16.25517    25.54894
               country16 |   21.95258   2.231643     9.84   0.000     17.57864    26.32652
               country17 |   14.50148   2.453674     5.91   0.000     9.692364    19.31059
               country18 |  -4.423715   2.426463    -1.82   0.068    -9.179496    .3320653
                   _cons |    16.8717   7.658397     2.20   0.028      1.86152    31.88189
-------------------------+----------------------------------------------------------------
                     rho |   .5593079
------------------------------------------------------------------------------------------
(results exports_both_reg1_est are active now)

Conditional marginal effects                    Number of obs     =        239
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

1._at        : CA_cent         =    .5460702 (p90)
               BB_dunning3     =    179.9293 (mean)
               CC_gini3        =         .22 (p10)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

2._at        : CA_cent         =    .1183216 (p10)
               BB_dunning3     =    179.9293 (mean)
               CC_gini3        =         .22 (p10)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

3._at        : CA_cent         =    .5460702 (p90)
               BB_dunning3     =    179.9293 (mean)
               CC_gini3        =        .346 (p90)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

4._at        : CA_cent         =    .1183216 (p10)
               BB_dunning3     =    179.9293 (mean)
               CC_gini3        =        .346 (p90)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0014734   .0014462     1.02   0.308    -.0013612    .0043079
          2  |  -.0035437   .0018782    -1.89   0.059    -.0072249    .0001374
          3  |  -.0015792   .0013949    -1.13   0.258    -.0043132    .0011547
          4  |  -.0065963   .0028922    -2.28   0.023    -.0122649   -.0009277
------------------------------------------------------------------------------

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]2._at = 0

           chi2(  1) =    3.01
         Prob > chi2 =    0.0825

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]3._at = 0

           chi2(  1) =    4.75
         Prob > chi2 =    0.0293

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]4._at = 0

           chi2(  1) =    4.26
         Prob > chi2 =    0.0391

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]3._at = 0

           chi2(  1) =    0.72
         Prob > chi2 =    0.3948

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]4._at = 0

           chi2(  1) =    4.75
         Prob > chi2 =    0.0293

 ( 1)  [BB_dunning3]3._at - [BB_dunning3]4._at = 0

           chi2(  1) =    3.01
         Prob > chi2 =    0.0825
(results exports_both_reg1_est are active now)

Conditional marginal effects                    Number of obs     =        239
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0014734   .0014462     1.02   0.308    -.0013612    .0043079
          2  |  -.0035437   .0018782    -1.89   0.059    -.0072249    .0001374
          3  |  -.0015792   .0013949    -1.13   0.258    -.0043132    .0011547
          4  |  -.0065963   .0028922    -2.28   0.023    -.0122649   -.0009277
------------------------------------------------------------------------------
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/G_exports_both_reg1_marg.pdf written in
>  PDF format)

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
note: BB_dunning3 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        239
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.277778
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9592
Estimated autocorrelations =         1          Wald chi2(26)     =   24342.65
Estimated coefficients     =        31          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                 CA_cent |   1.216842   3.097139     0.39   0.694    -4.853439    7.287123
             BB_dunning3 |   .0000349   .0021095     0.02   0.987    -.0040996    .0041695
                         |
 c.CA_cent#c.BB_dunning3 |   .0128503   .0062636     2.05   0.040     .0005738    .0251268
                         |
                CC_gini3 |   -66.9497   20.44743    -3.27   0.001    -107.0259   -26.87348
             BB_dunning3 |          0  (omitted)
                         |
c.CC_gini3#c.BB_dunning3 |  -.0290135   .0104598    -2.77   0.006    -.0495144   -.0085126
                         |
                   OB_01 |
  De facto crawling peg  |  -.8856318   .7819073    -1.13   0.257    -2.418142    .6468784
       Managed floating  |  -.4895033   1.483162    -0.33   0.741    -3.396448    2.417441
        Freely floating  |   .7834672   .9592695     0.82   0.414    -1.096666    2.663601
                         |
                  DA_pc8 |   .1897412   .1090781     1.74   0.082    -.0240479    .4035304
               DC_total1 |  -.3871606   .1186027    -3.26   0.001    -.6196176   -.1547037
             DD_overall2 |    .175167   .1765241     0.99   0.321     -.170814    .5211479
                DE_total |   .3754397   .0826421     4.54   0.000     .2134642    .5374151
             DG_nominal1 |  -.1740047   .0157853   -11.02   0.000    -.2049434   -.1430659
                country2 |    20.1014   3.215445     6.25   0.000     13.79924    26.40356
                country3 |   55.08935    2.56702    21.46   0.000     50.05808    60.12061
                country4 |   18.96574    2.34523     8.09   0.000     14.36917     23.5623
                country5 |    20.1735   2.691952     7.49   0.000     14.89737    25.44962
                country6 |   19.23734   2.506159     7.68   0.000     14.32535    24.14932
                country7 |   12.45694   2.245027     5.55   0.000     8.056772    16.85711
                country8 |   10.34095   1.926638     5.37   0.000     6.564806    14.11709
                country9 |   66.94581   3.163085    21.16   0.000     60.74627    73.14534
               country10 |   14.69158   2.338165     6.28   0.000     10.10886     19.2743
               country11 |  -4.894349   2.247619    -2.18   0.029    -9.299601   -.4890966
               country12 |   42.65123   2.184077    19.53   0.000     38.37052    46.93194
               country13 |   15.07546   3.224527     4.68   0.000       8.7555    21.39541
               country14 |   14.25527    2.79187     5.11   0.000     8.783305    19.72723
               country15 |   21.86743   2.422333     9.03   0.000     17.11975    26.61512
               country16 |   23.33078   2.254452    10.35   0.000     18.91213    27.74942
               country17 |   15.62848   2.526907     6.18   0.000     10.67583    20.58113
               country18 |  -3.223987    2.48577    -1.30   0.195    -8.096007    1.648032
                   _cons |    14.5012   7.532808     1.93   0.054    -.2628352    29.26523
-------------------------+----------------------------------------------------------------
                     rho |   .5858439
------------------------------------------------------------------------------------------
(results exports_both_reg2_est are active now)

Conditional marginal effects                    Number of obs     =        239
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

1._at        : CA_cent         =    .5460702 (p90)
               BB_dunning3     =    179.9293 (mean)
               CC_gini3        =         .22 (p10)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

2._at        : CA_cent         =    .1183216 (p10)
               BB_dunning3     =    179.9293 (mean)
               CC_gini3        =         .22 (p10)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

3._at        : CA_cent         =    .5460702 (p90)
               BB_dunning3     =    179.9293 (mean)
               CC_gini3        =        .346 (p90)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

4._at        : CA_cent         =    .1183216 (p10)
               BB_dunning3     =    179.9293 (mean)
               CC_gini3        =        .346 (p90)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0006692    .001342     0.50   0.618    -.0019611    .0032994
          2  |  -.0048276   .0017515    -2.76   0.006    -.0082603   -.0013948
          3  |  -.0029865   .0013112    -2.28   0.023    -.0055565   -.0004166
          4  |  -.0084833   .0027314    -3.11   0.002    -.0138366   -.0031299
------------------------------------------------------------------------------

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]2._at = 0

           chi2(  1) =    4.21
         Prob > chi2 =    0.0402

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]3._at = 0

           chi2(  1) =    7.69
         Prob > chi2 =    0.0055

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]4._at = 0

           chi2(  1) =    6.26
         Prob > chi2 =    0.0124

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]3._at = 0

           chi2(  1) =    0.76
         Prob > chi2 =    0.3823

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]4._at = 0

           chi2(  1) =    7.69
         Prob > chi2 =    0.0055

 ( 1)  [BB_dunning3]3._at - [BB_dunning3]4._at = 0

           chi2(  1) =    4.21
         Prob > chi2 =    0.0402
(results exports_both_reg2_est are active now)

Conditional marginal effects                    Number of obs     =        239
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0006692    .001342     0.50   0.618    -.0019611    .0032994
          2  |  -.0048276   .0017515    -2.76   0.006    -.0082603   -.0013948
          3  |  -.0029865   .0013112    -2.28   0.023    -.0055565   -.0004166
          4  |  -.0084833   .0027314    -3.11   0.002    -.0138366   -.0031299
------------------------------------------------------------------------------
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/G_exports_both_reg2_marg.pdf written in
>  PDF format)

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
note: BB_dunning3 omitted because of collinearity
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        237
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.166667
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9722
Estimated autocorrelations =         1          Wald chi2(28)     =  128477.06
Estimated coefficients     =        31          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                 CA_cent |   -3.51557   3.541402    -0.99   0.321    -10.45659    3.425451
             BB_dunning3 |   .0020838   .0038244     0.54   0.586    -.0054119    .0095795
                         |
 c.CA_cent#c.BB_dunning3 |   .0144673   .0078414     1.85   0.065    -.0009014    .0298361
                         |
                CC_gini3 |  -43.04251   21.33964    -2.02   0.044    -84.86744   -1.217581
             BB_dunning3 |          0  (omitted)
                         |
c.CC_gini3#c.BB_dunning3 |   -.052253   .0134525    -3.88   0.000    -.0786194   -.0258866
                         |
                   OB_01 |
  De facto crawling peg  |  -1.477567   .7113051    -2.08   0.038    -2.871699   -.0834346
       Managed floating  |  -1.820085    1.73935    -1.05   0.295    -5.229148    1.588977
        Freely floating  |   1.941545    1.23525     1.57   0.116    -.4795013    4.362591
                         |
                  DA_pc8 |  -.0061266   .0899354    -0.07   0.946    -.1823967    .1701435
               DC_total1 |  -.3068264   .0998561    -3.07   0.002    -.5025408    -.111112
             DD_overall2 |   .2590915   .1447727     1.79   0.074    -.0246577    .5428407
                DE_total |   .0855229   .0636107     1.34   0.179    -.0391517    .2101976
             DG_nominal1 |   .0146856   .0187413     0.78   0.433    -.0220466    .0514178
                country2 |   53.34118   3.127384    17.06   0.000     47.21162    59.47074
                country3 |   46.51094   1.951694    23.83   0.000     42.68569    50.33619
                country4 |   38.48575   1.873011    20.55   0.000     34.81472    42.15679
                country5 |   28.39873   2.222317    12.78   0.000     24.04307    32.75439
                country6 |   52.12549   2.196364    23.73   0.000     47.82069    56.43028
                country7 |   47.70365   1.855644    25.71   0.000     44.06665    51.34064
                country8 |   51.72564   1.580278    32.73   0.000     48.62835    54.82293
                country9 |   48.25276   2.386107    20.22   0.000     43.57608    52.92944
               country10 |   61.46622   1.835593    33.49   0.000     57.86853    65.06392
               country11 |   62.24291   1.651043    37.70   0.000     59.00692    65.47889
               country12 |   29.60515   2.046798    14.46   0.000      25.5935     33.6168
               country13 |   1.185059   3.019297     0.39   0.695    -4.732654    7.102772
               country14 |    1.50123   3.293504     0.46   0.649     -4.95392    7.956379
               country15 |   49.77126    2.61563    19.03   0.000     44.64472     54.8978
               country16 |    54.4381   2.444668    22.27   0.000     49.64664    59.22956
               country17 |   52.47839    2.78995    18.81   0.000     47.01019    57.94659
               country18 |   47.37016   1.831092    25.87   0.000     43.78129    50.95904
                   _cons |   32.94704   6.609608     4.98   0.000     19.99245    45.90164
-------------------------+----------------------------------------------------------------
                     rho |   .5049619
------------------------------------------------------------------------------------------
(results exports_both_reg3_est are active now)

Conditional marginal effects                    Number of obs     =        237
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

1._at        : CA_cent         =    .5451506 (p90)
               BB_dunning3     =    173.7959 (mean)
               CC_gini3        =         .22 (p10)
               1.OB_01         =    .2869198 (mean)
               2.OB_01         =    .3248945 (mean)
               3.OB_01         =     .185654 (mean)
               4.OB_01         =    .2025316 (mean)
               DA_pc8          =    2.348519 (mean)
               DC_total1       =    8.339821 (mean)
               DD_overall2     =    21.32534 (mean)
               DE_total        =    85.56414 (mean)
               DG_nominal1     =    91.91568 (mean)
               country2        =    .0253165 (mean)
               country3        =    .0632911 (mean)
               country4        =    .0675105 (mean)
               country5        =    .0675105 (mean)
               country6        =    .0675105 (mean)
               country7        =    .0675105 (mean)
               country8        =    .0337553 (mean)
               country9        =    .0675105 (mean)
               country10       =    .0675105 (mean)
               country11       =    .0675105 (mean)
               country12       =    .0632911 (mean)
               country13       =    .0548523 (mean)
               country14       =    .0590717 (mean)
               country15       =    .0675105 (mean)
               country16       =    .0042194 (mean)
               country17       =    .0337553 (mean)
               country18       =    .1097046 (mean)

2._at        : CA_cent         =    .1183216 (p10)
               BB_dunning3     =    173.7959 (mean)
               CC_gini3        =         .22 (p10)
               1.OB_01         =    .2869198 (mean)
               2.OB_01         =    .3248945 (mean)
               3.OB_01         =     .185654 (mean)
               4.OB_01         =    .2025316 (mean)
               DA_pc8          =    2.348519 (mean)
               DC_total1       =    8.339821 (mean)
               DD_overall2     =    21.32534 (mean)
               DE_total        =    85.56414 (mean)
               DG_nominal1     =    91.91568 (mean)
               country2        =    .0253165 (mean)
               country3        =    .0632911 (mean)
               country4        =    .0675105 (mean)
               country5        =    .0675105 (mean)
               country6        =    .0675105 (mean)
               country7        =    .0675105 (mean)
               country8        =    .0337553 (mean)
               country9        =    .0675105 (mean)
               country10       =    .0675105 (mean)
               country11       =    .0675105 (mean)
               country12       =    .0632911 (mean)
               country13       =    .0548523 (mean)
               country14       =    .0590717 (mean)
               country15       =    .0675105 (mean)
               country16       =    .0042194 (mean)
               country17       =    .0337553 (mean)
               country18       =    .1097046 (mean)

3._at        : CA_cent         =    .5451506 (p90)
               BB_dunning3     =    173.7959 (mean)
               CC_gini3        =        .346 (p90)
               1.OB_01         =    .2869198 (mean)
               2.OB_01         =    .3248945 (mean)
               3.OB_01         =     .185654 (mean)
               4.OB_01         =    .2025316 (mean)
               DA_pc8          =    2.348519 (mean)
               DC_total1       =    8.339821 (mean)
               DD_overall2     =    21.32534 (mean)
               DE_total        =    85.56414 (mean)
               DG_nominal1     =    91.91568 (mean)
               country2        =    .0253165 (mean)
               country3        =    .0632911 (mean)
               country4        =    .0675105 (mean)
               country5        =    .0675105 (mean)
               country6        =    .0675105 (mean)
               country7        =    .0675105 (mean)
               country8        =    .0337553 (mean)
               country9        =    .0675105 (mean)
               country10       =    .0675105 (mean)
               country11       =    .0675105 (mean)
               country12       =    .0632911 (mean)
               country13       =    .0548523 (mean)
               country14       =    .0590717 (mean)
               country15       =    .0675105 (mean)
               country16       =    .0042194 (mean)
               country17       =    .0337553 (mean)
               country18       =    .1097046 (mean)

4._at        : CA_cent         =    .1183216 (p10)
               BB_dunning3     =    173.7959 (mean)
               CC_gini3        =        .346 (p90)
               1.OB_01         =    .2869198 (mean)
               2.OB_01         =    .3248945 (mean)
               3.OB_01         =     .185654 (mean)
               4.OB_01         =    .2025316 (mean)
               DA_pc8          =    2.348519 (mean)
               DC_total1       =    8.339821 (mean)
               DD_overall2     =    21.32534 (mean)
               DE_total        =    85.56414 (mean)
               DG_nominal1     =    91.91568 (mean)
               country2        =    .0253165 (mean)
               country3        =    .0632911 (mean)
               country4        =    .0675105 (mean)
               country5        =    .0675105 (mean)
               country6        =    .0675105 (mean)
               country7        =    .0675105 (mean)
               country8        =    .0337553 (mean)
               country9        =    .0675105 (mean)
               country10       =    .0675105 (mean)
               country11       =    .0675105 (mean)
               country12       =    .0632911 (mean)
               country13       =    .0548523 (mean)
               country14       =    .0590717 (mean)
               country15       =    .0675105 (mean)
               country16       =    .0042194 (mean)
               country17       =    .0337553 (mean)
               country18       =    .1097046 (mean)

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   -.001525   .0017906    -0.85   0.394    -.0050344    .0019844
          2  |  -.0077001   .0022091    -3.49   0.000    -.0120298   -.0033704
          3  |  -.0081089   .0018899    -4.29   0.000    -.0118129   -.0044048
          4  |  -.0142839   .0029585    -4.83   0.000    -.0200825   -.0084854
------------------------------------------------------------------------------

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]2._at = 0

           chi2(  1) =    3.40
         Prob > chi2 =    0.0650

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]3._at = 0

           chi2(  1) =   15.09
         Prob > chi2 =    0.0001

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]4._at = 0

           chi2(  1) =    9.26
         Prob > chi2 =    0.0023

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]3._at = 0

           chi2(  1) =    0.02
         Prob > chi2 =    0.8999

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]4._at = 0

           chi2(  1) =   15.09
         Prob > chi2 =    0.0001

 ( 1)  [BB_dunning3]3._at - [BB_dunning3]4._at = 0

           chi2(  1) =    3.40
         Prob > chi2 =    0.0650
(results exports_both_reg3_est are active now)

Conditional marginal effects                    Number of obs     =        237
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   -.001525   .0017906    -0.85   0.394    -.0050344    .0019844
          2  |  -.0077001   .0022091    -3.49   0.000    -.0120298   -.0033704
          3  |  -.0081089   .0018899    -4.29   0.000    -.0118129   -.0044048
          4  |  -.0142839   .0029585    -4.83   0.000    -.0200825   -.0084854
------------------------------------------------------------------------------
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/G_exports_both_reg3_marg.pdf written in
>  PDF format)

. 
. 
. 
. 
. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables X & Figure C
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. 
. 
. global exports2_both_reg1 "xtpcse c.DB_exports_clean5 c.$WC##c.$IN##c.$NTR $controls_exports
>   , pairwise correlation(ar1)"

. global exports2_both_reg2 "xtpcse c.DB_exports_clean6 c.$WC##c.$IN##c.$NTR $controls_exports
>   , pairwise correlation(ar1)"

. global exports2_both_reg3 "xtpcse c.DB_manu1 c.$WC##c.$IN##c.$NTR $controls_exports  , pairw
> ise correlation(ar1)"

. 
. forvalues x=1/3 {
  2.         capture noisily ${exports2_both_reg`x'}
  3.         estimates store exports2_both_reg`x'_est
  4.         if _rc == 0 { 
  5. 
.                 // SUMMARY - marginal effects with NTR at mean
.                 
.                         estimates restore exports2_both_reg`x'_est
  6.                         capture noisily margins , dydx($NTR) atmeans ///
>                         at((p10) $IN (p90) $WC) /// 
>                         at((p10) $IN (p10) $WC) /// 
>                         at((p90) $IN (p90) $WC) ///
>                         at((p90) $IN (p10) $WC) post
  7.                         
.                         test _b[1._at] = _b[2._at]
  8.                         test _b[1._at] = _b[3._at]
  9.                         test _b[1._at] = _b[4._at]
 10.                         test _b[2._at] = _b[3._at]
 11.                         test _b[2._at] = _b[4._at]
 12.                         test _b[3._at] = _b[4._at]
 13.                          
.                         estimates restore exports2_both_reg`x'_est
 14.                         capture noisily margins , dydx($NTR) atmeans ///
>                         at((p10) $IN (p90) $WC) /// 
>                         at((p10) $IN (p10) $WC) /// 
>                         at((p90) $IN (p90) $WC) ///
>                         at((p90) $IN (p10) $WC) noatlegend force
 15.                          
.                         matrix t = r(table)
 16.                         
.                         local dist1_mean = t[1,1]
 17.                         local dist1_se = t[2,1]
 18.                         local dist2_mean = t[1,2]
 19.                         local dist2_se = t[2,2]
 20.                         local dist3_mean = t[1,3]
 21.                         local dist3_se = t[2,3]
 22.                         local dist4_mean = t[1,4]
 23.                         local dist4_se = t[2,4]
 24.                         
.                         // range_high
.                         if `dist1_mean' >= `dist2_mean' & `dist1_mean' >= `dist3_mean' & `di
> st1_mean' >= `dist4_mean'{
 25.                                 local range_high = `dist1_mean' + 5*abs(`dist1_se')
 26.                         }
 27.                         if `dist2_mean' >= `dist1_mean' & `dist2_mean' >= `dist3_mean' & 
> `dist2_mean' >= `dist4_mean'{
 28.                                 local range_high = `dist2_mean' + 5*abs(`dist2_se')
 29.                         }
 30.                         if `dist3_mean' >= `dist1_mean' & `dist3_mean' >= `dist2_mean' & 
> `dist3_mean' >= `dist4_mean'{
 31.                                 local range_high = `dist3_mean' + 5*abs(`dist3_se')
 32.                         }
 33.                         if `dist4_mean' >= `dist1_mean' & `dist4_mean' >= `dist2_mean' & 
> `dist4_mean' >= `dist3_mean'{
 34.                                 local range_high = `dist4_mean' + 5*abs(`dist4_se')
 35.                         }
 36.                         
.                         // range_low
.                         if `dist1_mean' <= `dist2_mean' & `dist1_mean' <= `dist3_mean' & `di
> st1_mean' <= `dist4_mean'{
 37.                                 local range_low = `dist1_mean' - 5*abs(`dist1_se')
 38.                         }
 39.                         if `dist2_mean' <= `dist1_mean' & `dist2_mean' <= `dist3_mean' & 
> `dist2_mean' <= `dist4_mean'{
 40.                                 local range_low = `dist2_mean' - 5*abs(`dist2_se')
 41.                         }
 42.                         if `dist3_mean' <= `dist1_mean' & `dist3_mean' <= `dist2_mean' & 
> `dist3_mean' <= `dist4_mean'{
 43.                                 local range_low = `dist3_mean' - 5*abs(`dist3_se')
 44.                         }
 45.                         if `dist4_mean' <= `dist1_mean' & `dist4_mean' <= `dist2_mean' & 
> `dist4_mean' <= `dist3_mean'{
 46.                                 local range_low = `dist4_mean' - 5*abs(`dist4_se')
 47.                         }
 48.                         
. 
.                         graph twoway ///
>                         (function y=normalden(x,`dist1_mean',`dist1_se'), range(`range_low' 
> `range_high') lw(medthick)) ///
>                         (function y=normalden(x,`dist2_mean',`dist2_se'), range(`range_low' 
> `range_high') lw(medthick)) ///
>                         (function y=normalden(x,`dist3_mean',`dist3_se'), range(`range_low' 
> `range_high') lw(medthick)) ///
>                         (function y=normalden(x,`dist4_mean',`dist4_se'), range(`range_low' 
> `range_high') lw(medthick)), ///
>                         legend(cols(1) label(1 "high wage coordination, low inequality") ///
>                         label(2 "low wage coordination, low inequality") ///
>                         label(3 "high wage coordination, high inequality") ///
>                         label(4 "low wage coordination, high inequality")) ///
>                         yline(0) xline(0) ytitle("") xtitle("Marginal effect of natural reso
> urces on exports") ///
>                         title("Effect of natural resources on exports" "for different combin
> ations of wage coordination and inequality")
 49.                         capture noisily graph export "G_exports_triple_reg`x'_marg.pdf", 
> replace
 50.                 
.                 
.                 }
 51.         }

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        239
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.277778
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9665
Estimated autocorrelations =         1          Wald chi2(27)     =   23729.42
Estimated coefficients     =        33          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                 CA_cent |    131.479   48.23593     2.73   0.006     36.93834    226.0197
                CC_gini3 |    70.2237   48.71336     1.44   0.149    -25.25273    165.7001
                         |
    c.CA_cent#c.CC_gini3 |  -401.6964   151.7072    -2.65   0.008     -699.037   -104.3559
                         |
             BB_dunning3 |  -.0500434   .0342726    -1.46   0.144    -.1172165    .0171296
                         |
 c.CA_cent#c.BB_dunning3 |   .1702063   .0564909     3.01   0.003     .0594861    .2809265
                         |
c.CC_gini3#c.BB_dunning3 |   .1562473   .1020617     1.53   0.126    -.0437899    .3562846
                         |
    c.CA_cent#c.CC_gini3#|
           c.BB_dunning3 |  -.5887253   .1678008    -3.51   0.000    -.9176088   -.2598418
                         |
                   OB_01 |
  De facto crawling peg  |  -.3146677   .7262586    -0.43   0.665    -1.738108    1.108773
       Managed floating  |  -.8593001   1.471458    -0.58   0.559    -3.743305    2.024705
        Freely floating  |   .3124363   .8573722     0.36   0.716    -1.367982    1.992855
                         |
                  DA_pc8 |   .1987495   .1073225     1.85   0.064    -.0115986    .4090977
               DC_total1 |  -.3344563   .1119294    -2.99   0.003    -.5538338   -.1150788
             DD_overall2 |   .2333246   .1781753     1.31   0.190    -.1158925    .5825417
                DE_total |    .398454   .0808991     4.93   0.000     .2398947    .5570133
             DG_nominal1 |  -.2183037   .0198495   -11.00   0.000    -.2572081   -.1793993
                country2 |  -3.161914   7.569232    -0.42   0.676    -17.99734    11.67351
                country3 |   49.10942   2.692731    18.24   0.000     43.83176    54.38707
                country4 |   17.71031   2.807692     6.31   0.000     12.20734    23.21329
                country5 |   8.835817   3.874033     2.28   0.023     1.242852    16.42878
                country6 |   14.81906   2.508254     5.91   0.000     9.902969    19.73514
                country7 |   10.22107   2.238991     4.57   0.000     5.832731    14.60942
                country8 |   4.640728   1.947088     2.38   0.017     .8245067     8.45695
                country9 |   62.95117   3.038985    20.71   0.000     56.99487    68.90747
               country10 |   11.29266     2.0517     5.50   0.000     7.271398    15.31391
               country11 |  -8.475769   2.173617    -3.90   0.000    -12.73598   -4.215558
               country12 |   36.29178   2.520609    14.40   0.000     31.35148    41.23208
               country13 |   12.07094   2.987825     4.04   0.000     6.214912    17.92697
               country14 |   4.969034   3.116422     1.59   0.111    -1.139041    11.07711
               country15 |   11.90658   3.722499     3.20   0.001     4.610617    19.20254
               country16 |   20.41749   2.541204     8.03   0.000     15.43682    25.39816
               country17 |    7.32549   2.741436     2.67   0.008     1.952375    12.69861
               country18 |  -11.43294   2.272548    -5.03   0.000    -15.88705   -6.978825
                   _cons |  -25.65276   16.84128    -1.52   0.128    -58.66107    7.355538
-------------------------+----------------------------------------------------------------
                     rho |   .5384776
------------------------------------------------------------------------------------------
(results exports2_both_reg1_est are active now)

Conditional marginal effects                    Number of obs     =        239
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

1._at        : CA_cent         =    .5460702 (p90)
               CC_gini3        =         .22 (p10)
               BB_dunning3     =    179.9293 (mean)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

2._at        : CA_cent         =    .1183216 (p10)
               CC_gini3        =         .22 (p10)
               BB_dunning3     =    179.9293 (mean)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

3._at        : CA_cent         =    .5460702 (p90)
               CC_gini3        =        .346 (p90)
               BB_dunning3     =    179.9293 (mean)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

4._at        : CA_cent         =    .1183216 (p10)
               CC_gini3        =        .346 (p90)
               BB_dunning3     =    179.9293 (mean)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0065488    .001735     3.77   0.000     .0031483    .0099493
          2  |  -.0108549   .0095442    -1.14   0.255    -.0295612    .0078514
          3  |  -.0142712   .0053632    -2.66   0.008    -.0247828   -.0037596
          4  |   .0000552   .0027572     0.02   0.984    -.0053488    .0054593
------------------------------------------------------------------------------

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]2._at = 0

           chi2(  1) =    3.46
         Prob > chi2 =    0.0630

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]3._at = 0

           chi2(  1) =    9.39
         Prob > chi2 =    0.0022

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]4._at = 0

           chi2(  1) =    3.30
         Prob > chi2 =    0.0693

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]3._at = 0

           chi2(  1) =    0.06
         Prob > chi2 =    0.8012

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]4._at = 0

           chi2(  1) =    1.02
         Prob > chi2 =    0.3130

 ( 1)  [BB_dunning3]3._at - [BB_dunning3]4._at = 0

           chi2(  1) =    7.33
         Prob > chi2 =    0.0068
(results exports2_both_reg1_est are active now)

Conditional marginal effects                    Number of obs     =        239
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0065488    .001735     3.77   0.000     .0031483    .0099493
          2  |  -.0108549   .0095442    -1.14   0.255    -.0295612    .0078514
          3  |  -.0142712   .0053632    -2.66   0.008    -.0247828   -.0037596
          4  |   .0000552   .0027572     0.02   0.984    -.0053488    .0054593
------------------------------------------------------------------------------
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/G_exports_triple_reg1_marg.pdf written 
> in PDF format)

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        239
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.277778
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9660
Estimated autocorrelations =         1          Wald chi2(26)     =   32279.67
Estimated coefficients     =        33          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean6 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                 CA_cent |   128.6986   46.99628     2.74   0.006     36.58754    220.8096
                CC_gini3 |   68.56676   47.45448     1.44   0.148    -24.44231    161.5758
                         |
    c.CA_cent#c.CC_gini3 |  -393.6362   147.3664    -2.67   0.008     -682.469   -104.8035
                         |
             BB_dunning3 |  -.0556512    .033389    -1.67   0.096    -.1210925    .0097901
                         |
 c.CA_cent#c.BB_dunning3 |   .1752518   .0549548     3.19   0.001     .0675423    .2829614
                         |
c.CC_gini3#c.BB_dunning3 |   .1661156    .099559     1.67   0.095    -.0290164    .3612476
                         |
    c.CA_cent#c.CC_gini3#|
           c.BB_dunning3 |  -.5926915   .1640428    -3.61   0.000    -.9142095   -.2711736
                         |
                   OB_01 |
  De facto crawling peg  |  -.3841057   .7178929    -0.54   0.593     -1.79115    1.022939
       Managed floating  |   -.783201   1.468426    -0.53   0.594    -3.661264    2.094862
        Freely floating  |   .4722333    .840998     0.56   0.574    -1.176092    2.120559
                         |
                  DA_pc8 |   .1701755   .1040394     1.64   0.102    -.0337379    .3740889
               DC_total1 |  -.3484979   .1105462    -3.15   0.002    -.5651645   -.1318313
             DD_overall2 |   .2363309   .1784292     1.32   0.185     -.113384    .5860457
                DE_total |   .3957541   .0810215     4.88   0.000     .2369549    .5545534
             DG_nominal1 |  -.2124791   .0193255   -10.99   0.000    -.2503565   -.1746018
                country2 |  -.9710105    7.52028    -0.13   0.897    -15.71049    13.76847
                country3 |   51.13173   2.758745    18.53   0.000     45.72469    56.53877
                country4 |   18.18587    2.77794     6.55   0.000     12.74121    23.63054
                country5 |    10.8909   3.856941     2.82   0.005      3.33144    18.45037
                country6 |    15.7622   2.543234     6.20   0.000     10.77755    20.74684
                country7 |   12.01727   2.286699     5.26   0.000     7.535418    16.49911
                country8 |    6.41721   2.018347     3.18   0.001     2.461323     10.3731
                country9 |   64.62476   3.116241    20.74   0.000     58.51704    70.73248
               country10 |   13.12218   2.139343     6.13   0.000     8.929145    17.31522
               country11 |  -6.750795   2.248099    -3.00   0.003    -11.15699   -2.344603
               country12 |    37.1057   2.546093    14.57   0.000     32.11545    42.09595
               country13 |   12.09822   3.013638     4.01   0.000     6.191602    18.00485
               country14 |   5.873953    3.13645     1.87   0.061    -.2733761    12.02128
               country15 |   13.23517   3.706882     3.57   0.000     5.969811    20.50052
               country16 |   22.08565   2.589813     8.53   0.000     17.00971    27.16159
               country17 |   8.789708   2.727123     3.22   0.001     3.444646    14.13477
               country18 |  -9.885481   2.318313    -4.26   0.000    -14.42929    -5.34167
                   _cons |  -27.12993   16.53089    -1.64   0.101    -59.52988    5.270013
-------------------------+----------------------------------------------------------------
                     rho |   .5608126
------------------------------------------------------------------------------------------
(results exports2_both_reg2_est are active now)

Conditional marginal effects                    Number of obs     =        239
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

1._at        : CA_cent         =    .5460702 (p90)
               CC_gini3        =         .22 (p10)
               BB_dunning3     =    179.9293 (mean)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

2._at        : CA_cent         =    .1183216 (p10)
               CC_gini3        =         .22 (p10)
               BB_dunning3     =    179.9293 (mean)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

3._at        : CA_cent         =    .5460702 (p90)
               CC_gini3        =        .346 (p90)
               BB_dunning3     =    179.9293 (mean)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

4._at        : CA_cent         =    .1183216 (p10)
               CC_gini3        =        .346 (p90)
               BB_dunning3     =    179.9293 (mean)
               1.OB_01         =    .2845188 (mean)
               2.OB_01         =    .3221757 (mean)
               3.OB_01         =    .1924686 (mean)
               4.OB_01         =    .2008368 (mean)
               DA_pc8          =    2.349706 (mean)
               DC_total1       =    8.286977 (mean)
               DD_overall2     =    21.26673 (mean)
               DE_total        =     85.4318 (mean)
               DG_nominal1     =    92.00642 (mean)
               country2        =    .0251046 (mean)
               country3        =    .0627615 (mean)
               country4        =    .0669456 (mean)
               country5        =    .0669456 (mean)
               country6        =    .0669456 (mean)
               country7        =    .0669456 (mean)
               country8        =    .0334728 (mean)
               country9        =    .0669456 (mean)
               country10       =    .0669456 (mean)
               country11       =    .0669456 (mean)
               country12       =    .0627615 (mean)
               country13       =    .0543933 (mean)
               country14       =    .0669456 (mean)
               country15       =    .0669456 (mean)
               country16       =    .0041841 (mean)
               country17       =    .0334728 (mean)
               country18       =    .1087866 (mean)

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0053908   .0017091     3.15   0.002      .002041    .0087406
          2  |  -.0137979    .009284    -1.49   0.137    -.0319942    .0043985
          3  |  -.0144587   .0052838    -2.74   0.006    -.0248147   -.0041027
          4  |  -.0017035    .002669    -0.64   0.523    -.0069347    .0035278
------------------------------------------------------------------------------

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]2._at = 0

           chi2(  1) =    4.49
         Prob > chi2 =    0.0342

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]3._at = 0

           chi2(  1) =    8.72
         Prob > chi2 =    0.0032

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]4._at = 0

           chi2(  1) =    4.16
         Prob > chi2 =    0.0413

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]3._at = 0

           chi2(  1) =    0.00
         Prob > chi2 =    0.9602

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]4._at = 0

           chi2(  1) =    1.31
         Prob > chi2 =    0.2519

 ( 1)  [BB_dunning3]3._at - [BB_dunning3]4._at = 0

           chi2(  1) =    5.97
         Prob > chi2 =    0.0146
(results exports2_both_reg2_est are active now)

Conditional marginal effects                    Number of obs     =        239
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |   .0053908   .0017091     3.15   0.002      .002041    .0087406
          2  |  -.0137979    .009284    -1.49   0.137    -.0319942    .0043985
          3  |  -.0144587   .0052838    -2.74   0.006    -.0248147   -.0041027
          4  |  -.0017035    .002669    -0.64   0.523    -.0069347    .0035278
------------------------------------------------------------------------------
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/G_exports_triple_reg2_marg.pdf written 
> in PDF format)

Number of gaps in sample:  2
(note: computations for rho restarted at each gap)
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        237
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.166667
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.9762
Estimated autocorrelations =         1          Wald chi2(26)     =   17762.84
Estimated coefficients     =        33          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
                DB_manu1 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                 CA_cent |   152.9579   44.34766     3.45   0.001     66.03808    239.8777
                CC_gini3 |   122.9041   42.53963     2.89   0.004     39.52799    206.2803
                         |
    c.CA_cent#c.CC_gini3 |  -485.2249   139.1038    -3.49   0.000    -757.8633   -212.5865
                         |
             BB_dunning3 |  -.0070414    .046946    -0.15   0.881    -.0990538     .084971
                         |
 c.CA_cent#c.BB_dunning3 |   .0918913   .0838182     1.10   0.273    -.0723893     .256172
                         |
c.CC_gini3#c.BB_dunning3 |   -.003239   .1416717    -0.02   0.982    -.2809104    .2744324
                         |
    c.CA_cent#c.CC_gini3#|
           c.BB_dunning3 |   -.328422   .2593065    -1.27   0.205    -.8366535    .1798095
                         |
                   OB_01 |
  De facto crawling peg  |  -.8779614   .6403731    -1.37   0.170     -2.13307    .3771468
       Managed floating  |  -2.174424   1.681873    -1.29   0.196    -5.470835    1.121987
        Freely floating  |   1.727142   1.220596     1.41   0.157    -.6651829    4.119466
                         |
                  DA_pc8 |  -.0303703   .0850875    -0.36   0.721    -.1971387    .1363981
               DC_total1 |  -.2639628   .0989702    -2.67   0.008    -.4579409   -.0699847
             DD_overall2 |   .3646681   .1517437     2.40   0.016     .0672559    .6620803
                DE_total |   .0938939   .0626885     1.50   0.134    -.0289733     .216761
             DG_nominal1 |  -.0305417   .0192444    -1.59   0.113      -.06826    .0071766
                country2 |   28.84573   6.912415     4.17   0.000     15.29764    42.39381
                country3 |   42.45842   2.402705    17.67   0.000     37.74921    47.16764
                country4 |   36.03019   2.904896    12.40   0.000     30.33669    41.72368
                country5 |   17.77169   3.637899     4.89   0.000     10.64154    24.90184
                country6 |   48.71844   2.306181    21.13   0.000     44.19841    53.23847
                country7 |   47.91962   2.105816    22.76   0.000      43.7923    52.04695
                country8 |   47.74602   2.050911    23.28   0.000     43.72631    51.76573
                country9 |   46.11188   2.768558    16.66   0.000      40.6856    51.53815
               country10 |    60.6004   2.010406    30.14   0.000     56.66007    64.54072
               country11 |   60.54095   1.917771    31.57   0.000     56.78218    64.29971
               country12 |    23.6287   2.680763     8.81   0.000      18.3745     28.8829
               country13 |  -1.368711   2.957295    -0.46   0.643    -7.164902     4.42748
               country14 |  -8.274706   3.710813    -2.23   0.026    -15.54777   -1.001646
               country15 |   40.02724   3.788402    10.57   0.000     32.60211    47.45238
               country16 |   53.45448   3.007888    17.77   0.000     47.55913    59.34984
               country17 |   45.48842   3.298126    13.79   0.000     39.02421    51.95262
               country18 |   40.81347   2.044954    19.96   0.000     36.80543     44.8215
                   _cons |  -17.99702   13.79931    -1.30   0.192    -45.04316    9.049123
-------------------------+----------------------------------------------------------------
                     rho |   .4732126
------------------------------------------------------------------------------------------
(results exports2_both_reg3_est are active now)

Conditional marginal effects                    Number of obs     =        237
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

1._at        : CA_cent         =    .5451506 (p90)
               CC_gini3        =         .22 (p10)
               BB_dunning3     =    173.7959 (mean)
               1.OB_01         =    .2869198 (mean)
               2.OB_01         =    .3248945 (mean)
               3.OB_01         =     .185654 (mean)
               4.OB_01         =    .2025316 (mean)
               DA_pc8          =    2.348519 (mean)
               DC_total1       =    8.339821 (mean)
               DD_overall2     =    21.32534 (mean)
               DE_total        =    85.56414 (mean)
               DG_nominal1     =    91.91568 (mean)
               country2        =    .0253165 (mean)
               country3        =    .0632911 (mean)
               country4        =    .0675105 (mean)
               country5        =    .0675105 (mean)
               country6        =    .0675105 (mean)
               country7        =    .0675105 (mean)
               country8        =    .0337553 (mean)
               country9        =    .0675105 (mean)
               country10       =    .0675105 (mean)
               country11       =    .0675105 (mean)
               country12       =    .0632911 (mean)
               country13       =    .0548523 (mean)
               country14       =    .0590717 (mean)
               country15       =    .0675105 (mean)
               country16       =    .0042194 (mean)
               country17       =    .0337553 (mean)
               country18       =    .1097046 (mean)

2._at        : CA_cent         =    .1183216 (p10)
               CC_gini3        =         .22 (p10)
               BB_dunning3     =    173.7959 (mean)
               1.OB_01         =    .2869198 (mean)
               2.OB_01         =    .3248945 (mean)
               3.OB_01         =     .185654 (mean)
               4.OB_01         =    .2025316 (mean)
               DA_pc8          =    2.348519 (mean)
               DC_total1       =    8.339821 (mean)
               DD_overall2     =    21.32534 (mean)
               DE_total        =    85.56414 (mean)
               DG_nominal1     =    91.91568 (mean)
               country2        =    .0253165 (mean)
               country3        =    .0632911 (mean)
               country4        =    .0675105 (mean)
               country5        =    .0675105 (mean)
               country6        =    .0675105 (mean)
               country7        =    .0675105 (mean)
               country8        =    .0337553 (mean)
               country9        =    .0675105 (mean)
               country10       =    .0675105 (mean)
               country11       =    .0675105 (mean)
               country12       =    .0632911 (mean)
               country13       =    .0548523 (mean)
               country14       =    .0590717 (mean)
               country15       =    .0675105 (mean)
               country16       =    .0042194 (mean)
               country17       =    .0337553 (mean)
               country18       =    .1097046 (mean)

3._at        : CA_cent         =    .5451506 (p90)
               CC_gini3        =        .346 (p90)
               BB_dunning3     =    173.7959 (mean)
               1.OB_01         =    .2869198 (mean)
               2.OB_01         =    .3248945 (mean)
               3.OB_01         =     .185654 (mean)
               4.OB_01         =    .2025316 (mean)
               DA_pc8          =    2.348519 (mean)
               DC_total1       =    8.339821 (mean)
               DD_overall2     =    21.32534 (mean)
               DE_total        =    85.56414 (mean)
               DG_nominal1     =    91.91568 (mean)
               country2        =    .0253165 (mean)
               country3        =    .0632911 (mean)
               country4        =    .0675105 (mean)
               country5        =    .0675105 (mean)
               country6        =    .0675105 (mean)
               country7        =    .0675105 (mean)
               country8        =    .0337553 (mean)
               country9        =    .0675105 (mean)
               country10       =    .0675105 (mean)
               country11       =    .0675105 (mean)
               country12       =    .0632911 (mean)
               country13       =    .0548523 (mean)
               country14       =    .0590717 (mean)
               country15       =    .0675105 (mean)
               country16       =    .0042194 (mean)
               country17       =    .0337553 (mean)
               country18       =    .1097046 (mean)

4._at        : CA_cent         =    .1183216 (p10)
               CC_gini3        =        .346 (p90)
               BB_dunning3     =    173.7959 (mean)
               1.OB_01         =    .2869198 (mean)
               2.OB_01         =    .3248945 (mean)
               3.OB_01         =     .185654 (mean)
               4.OB_01         =    .2025316 (mean)
               DA_pc8          =    2.348519 (mean)
               DC_total1       =    8.339821 (mean)
               DD_overall2     =    21.32534 (mean)
               DE_total        =    85.56414 (mean)
               DG_nominal1     =    91.91568 (mean)
               country2        =    .0253165 (mean)
               country3        =    .0632911 (mean)
               country4        =    .0675105 (mean)
               country5        =    .0675105 (mean)
               country6        =    .0675105 (mean)
               country7        =    .0675105 (mean)
               country8        =    .0337553 (mean)
               country9        =    .0675105 (mean)
               country10       =    .0675105 (mean)
               country11       =    .0675105 (mean)
               country12       =    .0632911 (mean)
               country13       =    .0548523 (mean)
               country14       =    .0590717 (mean)
               country15       =    .0675105 (mean)
               country16       =    .0042194 (mean)
               country17       =    .0337553 (mean)
               country18       =    .1097046 (mean)

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |    .002952   .0025058     1.18   0.239    -.0019593    .0078632
          2  |  -.0054303   .0126254    -0.43   0.667    -.0301757     .019315
          3  |  -.0200151   .0067543    -2.96   0.003    -.0332534   -.0067768
          4  |  -.0107347    .003229    -3.32   0.001    -.0170635   -.0044059
------------------------------------------------------------------------------

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]2._at = 0

           chi2(  1) =    0.44
         Prob > chi2 =    0.5073

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]3._at = 0

           chi2(  1) =    7.00
         Prob > chi2 =    0.0082

 ( 1)  [BB_dunning3]1bn._at - [BB_dunning3]4._at = 0

           chi2(  1) =   10.35
         Prob > chi2 =    0.0013

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]3._at = 0

           chi2(  1) =    0.74
         Prob > chi2 =    0.3892

 ( 1)  [BB_dunning3]2._at - [BB_dunning3]4._at = 0

           chi2(  1) =    0.13
         Prob > chi2 =    0.7156

 ( 1)  [BB_dunning3]3._at - [BB_dunning3]4._at = 0

           chi2(  1) =    1.64
         Prob > chi2 =    0.1996
(results exports2_both_reg3_est are active now)

Conditional marginal effects                    Number of obs     =        237
Model VCE    : Panel-corrected

Expression   : Fitted values, predict()
dy/dx w.r.t. : BB_dunning3

------------------------------------------------------------------------------
             |            Delta-method
             |      dy/dx   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
BB_dunning3  |
         _at |
          1  |    .002952   .0025058     1.18   0.239    -.0019593    .0078632
          2  |  -.0054303   .0126254    -0.43   0.667    -.0301757     .019315
          3  |  -.0200151   .0067543    -2.96   0.003    -.0332534   -.0067768
          4  |  -.0107347    .003229    -3.32   0.001    -.0170635   -.0044059
------------------------------------------------------------------------------
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/G_exports_triple_reg3_marg.pdf written 
> in PDF format)

. 
. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Tables Y & Figure D
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. 
. // new globals without time-series operators
. global controls_exports "DA_pc8 DG_regime DG_nominal1 DC_total1 DD_overall2 DE_total "

. global controls_wages "CA_golden3 DA_pc8 DC_total1 DE_total DG_cpi5 country* "

. global controls_reer "BA_cbi2 DA_relprod DA_pc8 DG_cpi5 DG_nominal1 DG_regime country* "

. 
. // recode
. recode SY_system (2=1)
(SY_system: 578 changes made)

. label define SY_systeml 0 "Presidential"  1 "Parliamentary"

. label values SY_system SY_systeml  

. 
. local x = 0

. // without controls
. foreach var of varlist DB_exports_clean5 DB_exports_clean6 DB_manu1 {
  2.         local x = `x' + 1
  3.         
.         lars `var' $NTR ///
>         $WC ///
>         $IN ///
>         SY_pr ///
>         SY_system ///
>         SY_mdms ///
>         SY_checks ///
>         SY_cl  ///
>         , a(lasso) graph ///
>         legend(cols(2) ///
>         label(1 "Non-Tax Revenue") ///
>         label(2 "Wage Coordination") ///
>         label(3 "Gini") ///
>         label(4 "PR vs. Majoritatian ") ///
>         label(5 "Presidential vs. Parliamentary ") ///
>         label(6 "Mean District Magnitude") ///
>         label(7 "Checks and Balances") ///
>         label(8 "Closed vs. Open List") ///
>         label(9 "GDP per capita growth") ///
>         label(10 "Exchange rate regime") ///
>         label(11 "Nominal Exchange Rate") ///
>         label(12 "Unemployment Rate") ///
>         label(13 "Mean income of wage employees") ///
>         label(14 "Labor Productivity Index")) ///
>         ytitle("") xtitle("Sum mod(Beta) / Max sum mod (Beta)") ///
>         title("")
  4.         
.         capture noisily graph export "F_exports_reg`x'_nocontrols.pdf", replace
  5.         }
NOTE: Deleting all matrices
          ade[9,8]
           mu[1,1]
        meanx[1,8]
           R2[1,9]
          RSS[1,9]
           r2[1,1]
          rss[1,1]
           cp[1,9]
        normx[1,8]
         beta[9,8]
        sbeta[9,8]
        error[1,1]

sbeta[9,8]
            c1          c2          c3          c4          c5          c6          c7
r1           0           0           0           0           0           0           0
r2           0           0  -1.4294821           0           0           0           0
r3           0   59.689114  -61.118597           0           0           0           0
r4  -58.409578    115.1185  -76.347427           0           0           0           0
r5  -60.052651   116.83377  -77.686812           0           0  -2.0650806           0
r6   -73.62624   122.82351  -76.727269           0           0  -3.9989853           0
r7  -73.675124   122.84207  -76.719788           0           0  -4.0046879   .01451339
r8  -73.675124   122.84207  -76.719788  -4.892e-15           0  -4.0046879   .01451339
r9  -73.675124   122.84207  -76.719788  -4.893e-15   1.578e-18  -4.0046879   .01451339

            c8
r1           0
r2           0
r3           0
r4           0
r5           0
r6  -11.602528
r7  -11.646458
r8  -11.646458
r9  -11.646458

Algorithm is lasso

Cp, R-squared and Actions along the sequence of models

+----------------------------------------------+
| Step |      Cp     | R-square |  Action      |
|------+-------------+----------+--------------|
|    1 |   250.0210  |  0.0000  |              | 
|    2 |   248.6025  |  0.0112  | +CC_gini3    | 
|    3 |    58.1220  |  0.6444  | +CA_cent     | 
|    4 |     0.3563 *|  0.8409  | +BB_dunning3 | 
|    5 |     1.8994  |  0.8424  | +SY_mdms     | 
|    6 |     3.0000  |  0.8454  | +SY_cl       | 
|    7 |     5.0000  |  0.8454  | +SY_checks   | 
|    8 |     7.0000  |  0.8454  | +SY_pr       | 
|    9 |     9.0000  |  0.8454  | +SY_system   | 
+----------------------------------------------+
* indicates the smallest value for Cp

The coefficient values for the minimum Cp

+----------------------------+
| Variable    |  Coefficient |
|-------------+--------------|
| BB_dunning3 |      -0.0725 |
| CA_cent     |     160.6150 |
| CC_gini3    |    -452.8616 |
+----------------------------+
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/F_exports_reg1_nocontrols.pdf written i
> n PDF format)
NOTE: Deleting all matrices
          ade[9,8]
           mu[1,1]
        meanx[1,8]
           R2[1,9]
          RSS[1,9]
           r2[1,1]
          rss[1,1]
           cp[1,9]
        normx[1,8]
         beta[9,8]
        sbeta[9,8]
        error[1,1]

sbeta[9,8]
            c1          c2          c3          c4          c5          c6          c7
r1           0           0           0           0           0           0           0
r2           0           0  -3.8407766           0           0           0           0
r3           0    56.49026  -60.331037           0           0           0           0
r4  -61.934153   115.26439  -76.478811           0           0           0           0
r5  -63.483025   116.88132  -77.741406           0           0  -1.9466847           0
r6  -76.841938   122.77633   -76.79704           0           0  -3.8500035           0
r7  -77.049988   122.85532  -76.765198           0           0  -3.8742738   .06176908
r8  -77.049988   122.85532  -76.765198  -1.014e-13           0  -3.8742738   .06176908
r9  -77.049988   122.85532  -76.765198  -1.014e-13   5.049e-17  -3.8742738   .06176908

            c8
r1           0
r2           0
r3           0
r4           0
r5           0
r6  -11.419027
r7  -11.605993
r8  -11.605993
r9  -11.605993

Algorithm is lasso

Cp, R-squared and Actions along the sequence of models

+----------------------------------------------+
| Step |      Cp     | R-square |  Action      |
|------+-------------+----------+--------------|
|    1 |   252.0595  |  0.0000  |              | 
|    2 |   244.9405  |  0.0298  | +CC_gini3    | 
|    3 |    64.5593  |  0.6257  | +CA_cent     | 
|    4 |     0.3134 *|  0.8421  | +BB_dunning3 | 
|    5 |     1.8893  |  0.8435  | +SY_mdms     | 
|    6 |     3.0002  |  0.8464  | +SY_cl       | 
|    7 |     5.0000  |  0.8464  | +SY_checks   | 
|    8 |     7.0000  |  0.8464  | +SY_pr       | 
|    9 |     9.0000  |  0.8464  | +SY_system   | 
+----------------------------------------------+
* indicates the smallest value for Cp

The coefficient values for the minimum Cp

+----------------------------+
| Variable    |  Coefficient |
|-------------+--------------|
| BB_dunning3 |      -0.0769 |
| CA_cent     |     160.8185 |
| CC_gini3    |    -453.6409 |
+----------------------------+
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/F_exports_reg2_nocontrols.pdf written i
> n PDF format)
NOTE: Deleting all matrices
          ade[9,8]
           mu[1,1]
        meanx[1,8]
           R2[1,9]
          RSS[1,9]
           r2[1,1]
          rss[1,1]
           cp[1,9]
        normx[1,8]
         beta[9,8]
        sbeta[9,8]
        error[1,1]

sbeta[9,8]
            c1          c2          c3          c4          c5          c6          c7
r1           0           0           0           0           0           0           0
r2  -18.357957           0           0           0           0           0           0
r3  -59.257428   -40.89947           0           0           0           0           0
r4  -71.598602  -44.705703   12.300081           0           0           0           0
r5  -76.835552   -45.72849   16.691492           0           0           0  -3.9560989
r6   -79.14404  -46.123389   19.955206           0           0   3.7845507  -5.6947068
r7  -81.699363  -45.831858   21.552665           0           0   5.1398009  -5.6342216
r8  -81.699363  -45.831858   21.552665   1.643e-13           0   5.1398009  -5.6342216
r9  -81.699363  -45.831858   21.552665   1.645e-13  -1.515e-16   5.1398009  -5.6342216

            c8
r1           0
r2           0
r3           0
r4           0
r5           0
r6           0
r7  -2.5382037
r8  -2.5382037
r9  -2.5382037

Algorithm is lasso

Cp, R-squared and Actions along the sequence of models

+----------------------------------------------+
| Step |      Cp     | R-square |  Action      |
|------+-------------+----------+--------------|
|    1 |  1088.8972  |  0.0000  |              | 
|    2 |   804.6127  |  0.2505  | +BB_dunning3 | 
|    3 |    86.4318  |  0.8806  | +CA_cent     | 
|    4 |    15.7110  |  0.9443  | +CC_gini3    | 
|    5 |     4.2395  |  0.9560  | +SY_checks   | 
|    6 |     3.2777 *|  0.9586  | +SY_mdms     | 
|    7 |     5.0000  |  0.9589  | +SY_cl       | 
|    8 |     7.0000  |  0.9589  | +SY_pr       | 
|    9 |     9.0000  |  0.9589  | +SY_system   | 
+----------------------------------------------+
* indicates the smallest value for Cp

The coefficient values for the minimum Cp

+----------------------------+
| Variable    |  Coefficient |
|-------------+--------------|
| BB_dunning3 |      -0.0982 |
| CA_cent     |     -64.3520 |
| CC_gini3    |     118.3661 |
| SY_mdms     |       0.0982 |
| SY_checks   |      -0.5446 |
+----------------------------+
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writ
> ing/NTR v17 ISQ Final/ Submission/3 Replication Data/F_exports_reg3_nocontrols.pdf written i
> n PDF format)

. 
. // with controls
. local x = 0

. foreach var of varlist DB_exports_clean5 DB_exports_clean6 DB_manu1 {
  2.         local x = `x' + 1
  3.         
.         lars `var' $NTR ///
>         $WC ///
>         $IN ///
>         SY_pr ///
>         SY_system ///
>         SY_mdms ///
>         SY_checks ///
>         SY_cl $controls_exports ///
>         , a(lasso) 
  4.         }
NOTE: Deleting all matrices
          ade[15,14]
           mu[1,1]
        meanx[1,14]
           R2[1,15]
          RSS[1,15]
           r2[1,1]
          rss[1,1]
           cp[1,15]
        normx[1,14]
         beta[15,14]
        sbeta[15,14]
        error[1,1]

sbeta[15,14]
             c1          c2          c3          c4          c5          c6          c7
 r1           0           0           0           0           0           0           0
 r2           0           0           0           0           0           0           0
 r3           0           0  -3.5780698           0           0           0           0
 r4           0   21.436046  -28.676222           0           0           0           0
 r5           0   29.949246   -46.33547           0           0           0           0
 r6           0    24.85231   -55.79237           0           0           0           0
 r7   -29.89309   42.250046  -63.009234           0           0           0           0
 r8  -32.240535   39.906643  -63.386723           0           0           0           0
 r9   -34.73856   36.760442    -64.6991           0           0           0   -3.586321
r10  -35.790348   34.773168  -66.335265           0           0           0   -6.494497
r11  -35.387729   34.052589  -67.175866           0           0           0  -7.8038794
r12  -32.972268   34.402932  -78.438054           0           0           0  -8.2017036
r13   -27.88693   36.606181  -83.063531           0           0  -7.6088499  -8.5242872
r14   -27.88693   36.606181  -83.063531   1.987e-13           0  -7.6088499  -8.5242872
r15   -27.88693   36.606181  -83.063531   1.988e-13  -1.515e-16  -7.6088499  -8.5242872

             c8          c9         c10         c11         c12         c13         c14
 r1           0           0           0           0           0           0           0
 r2           0           0   14.098508           0           0           0           0
 r3           0           0   17.676577           0           0           0           0
 r4           0           0   35.631812           0           0           0           0
 r5           0           0   41.873421           0   13.122017           0           0
 r6           0           0   42.288724           0   29.933826   16.372219           0
 r7           0           0   29.451955           0   43.603136   37.425037           0
 r8           0           0   27.537873  -7.5057571   53.286854   42.798252           0
 r9           0           0   25.498207  -15.016211   64.926088   49.393946           0
r10           0  -2.5870739   24.557937  -20.380041   72.131649   52.886825           0
r11   1.1120996  -3.5500414   24.020721  -22.337007   74.839807   54.505473           0
r12   5.5031736  -5.1374861    21.60843   -28.31222   74.202982   46.844258   14.122562
r13   13.725278  -6.2287656    20.67887  -30.645279   70.748192   51.582015   14.040365
r14   13.725278  -6.2287656    20.67887  -30.645279   70.748192   51.582015   14.040365
r15   13.725278  -6.2287656    20.67887  -30.645279   70.748192   51.582015   14.040365

Algorithm is lasso

Cp, R-squared and Actions along the sequence of models

+----------------------------------------------+
| Step |      Cp     | R-square |  Action      |
|------+-------------+----------+--------------|
|    1 |   753.5377  |  0.0000  |              | 
|    2 |   657.7941  |  0.1218  | +DG_regime   | 
|    3 |   614.2173  |  0.1786  | +CC_gini3    | 
|    4 |   291.8703  |  0.5827  | +CA_cent     | 
|    5 |   154.5712  |  0.7563  | +DC_total1   | 
|    6 |    86.0741  |  0.8442  | +DD_overall2 | 
|    7 |    17.4369  |  0.9322  | +BB_dunning3 | 
|    8 |    11.9567  |  0.9415  | +DG_nominal1 | 
|    9 |     7.4310  |  0.9496  | +SY_checks   | 
|   10 |     6.7177 *|  0.9530  | +DA_pc8      | 
|   11 |     8.1042  |  0.9538  | +SY_cl       | 
|   12 |     9.2056  |  0.9549  | +DE_total    | 
|   13 |    11.0000  |  0.9551  | +SY_mdms     | 
|   14 |    13.0000  |  0.9551  | +SY_pr       | 
|   15 |    15.0000  |  0.9551  | +SY_system   | 
+----------------------------------------------+
* indicates the smallest value for Cp

The coefficient values for the minimum Cp

+----------------------------+
| Variable    |  Coefficient |
|-------------+--------------|
| BB_dunning3 |      -0.0445 |
| CA_cent     |      50.0504 |
| CC_gini3    |    -420.5118 |
| SY_checks   |      -0.6470 |
| DA_pc8      |      -0.2294 |
| DG_regime   |       7.0434 |
| DG_nominal1 |      -0.1604 |
| DC_total1   |       2.4212 |
| DD_overall2 |       1.4209 |
+----------------------------+
NOTE: Deleting all matrices
          ade[15,14]
           mu[1,1]
        meanx[1,14]
           R2[1,15]
          RSS[1,15]
           r2[1,1]
          rss[1,1]
           cp[1,15]
        normx[1,14]
         beta[15,14]
        sbeta[15,14]
        error[1,1]

sbeta[15,14]
             c1          c2          c3          c4          c5          c6          c7
 r1           0           0           0           0           0           0           0
 r2           0           0           0           0           0           0           0
 r3           0           0  -6.8804174           0           0           0           0
 r4           0   18.220172    -28.2133           0           0           0           0
 r5           0   27.242494  -46.928639           0           0           0           0
 r6           0    22.85891  -55.061981           0           0           0           0
 r7  -33.268102   42.220899  -63.093648           0           0           0           0
 r8  -35.654953   39.838158  -63.477473           0           0           0           0
 r9  -38.101305   36.757038  -64.762704           0           0           0  -3.5121356
r10  -39.067488   34.931508  -66.265701           0           0           0  -6.1836146
r11  -38.576357   34.052517  -67.291099           0           0           0  -7.7808518
r12  -36.078227   34.414851  -78.938737           0           0           0  -8.1922916
r13  -31.206985   36.525342  -83.369478           0           0  -7.2885113  -8.5012942
r14  -31.206985   36.525342  -83.369478   3.576e-13           0  -7.2885113  -8.5012942
r15  -31.206985   36.525342  -83.369478   3.578e-13  -2.019e-16  -7.2885113  -8.5012942

             c8          c9         c10         c11         c12         c13         c14
 r1           0           0           0           0           0           0           0
 r2           0           0   14.708458           0           0           0           0
 r3           0           0   21.588875           0           0           0           0
 r4           0           0   36.850433           0           0           0           0
 r5           0           0   43.465315           0   13.906764           0           0
 r6           0           0   43.822493           0   28.365643   14.080812           0
 r7           0           0   29.536418           0   43.578256   37.510552           0
 r8           0           0   27.590205  -7.6317537   53.424532   42.973966           0
 r9           0           0   25.592731  -14.986849   64.823001   49.433223           0
r10           0  -2.3765115   24.728989  -19.914116   71.442099   52.641816           0
r11   1.3565837  -3.5511779   24.073671  -22.301302   74.745619   54.616308           0
r12   5.8979427  -5.1929531    21.57882  -28.481016   74.086999   46.692887   14.605908
r13    13.77389  -6.2382888   20.688395  -30.715852   70.777659   51.231181   14.527171
r14    13.77389  -6.2382888   20.688395  -30.715852   70.777659   51.231181   14.527171
r15    13.77389  -6.2382888   20.688395  -30.715852   70.777659   51.231181   14.527171

Algorithm is lasso

Cp, R-squared and Actions along the sequence of models

+----------------------------------------------+
| Step |      Cp     | R-square |  Action      |
|------+-------------+----------+--------------|
|    1 |   761.1819  |  0.0000  |              | 
|    2 |   660.6853  |  0.1265  | +DG_regime   | 
|    3 |   576.7122  |  0.2326  | +CC_gini3    | 
|    4 |   307.5373  |  0.5673  | +CA_cent     | 
|    5 |   159.6136  |  0.7524  | +DC_total1   | 
|    6 |    99.0714  |  0.8296  | +DD_overall2 | 
|    7 |    17.4590  |  0.9328  | +BB_dunning3 | 
|    8 |    11.8648  |  0.9422  | +DG_nominal1 | 
|    9 |     7.4823  |  0.9500  | +SY_checks   | 
|   10 |     6.9053 *|  0.9532  | +DA_pc8      | 
|   11 |     8.1135  |  0.9542  | +SY_cl       | 
|   12 |     9.1889  |  0.9553  | +DE_total    | 
|   13 |    11.0000  |  0.9556  | +SY_mdms     | 
|   14 |    13.0000  |  0.9556  | +SY_pr       | 
|   15 |    15.0000  |  0.9556  | +SY_system   | 
+----------------------------------------------+
* indicates the smallest value for Cp

The coefficient values for the minimum Cp

+----------------------------+
| Variable    |  Coefficient |
|-------------+--------------|
| BB_dunning3 |      -0.0486 |
| CA_cent     |      50.2783 |
| CC_gini3    |    -420.0709 |
| SY_checks   |      -0.6161 |
| DA_pc8      |      -0.2108 |
| DG_regime   |       7.0924 |
| DG_nominal1 |      -0.1567 |
| DC_total1   |       2.3980 |
| DD_overall2 |       1.4143 |
+----------------------------+
NOTE: Deleting all matrices
          ade[17,14]
           mu[1,1]
        meanx[1,14]
           R2[1,17]
          RSS[1,17]
           r2[1,1]
          rss[1,1]
           cp[1,17]
        normx[1,14]
         beta[17,14]
        sbeta[17,14]
        error[1,1]

sbeta[17,14]
             c1          c2          c3          c4          c5          c6          c7
 r1           0           0           0           0           0           0           0
 r2  -20.003536           0           0           0           0           0           0
 r3  -59.126998  -39.123462           0           0           0           0           0
 r4  -65.159265  -40.836425   6.0312143           0           0           0           0
 r5  -66.505529  -40.206842   7.0680291           0           0           0           0
 r6  -70.119017  -37.056998   11.345307           0           0           0           0
 r7  -73.633204  -35.211053   15.323291           0           0           0           0
 r8  -74.730595  -34.471742   16.710703           0           0           0           0
 r9  -73.979117   -31.87603    15.88024           0           0  -3.1046045           0
r10  -66.438993  -28.517367   5.3427311           0           0  -13.135768           0
r11  -63.214034  -26.553089           0           0           0  -17.433725           0
r12  -63.377501  -25.437849           0           0           0  -18.395568           0
r13  -63.489099  -24.923227           0           0           0  -19.003135   .64715354
r14  -57.573692  -21.877589           0           0           0  -30.421703   1.5001623
r15  -50.857917  -18.936353  -8.5195426           0           0  -39.591855   2.7625448
r16  -50.857917  -18.936353  -8.5195426  -2.845e-13           0  -39.591855   2.7625448
r17  -50.857917  -18.936353  -8.5195426  -2.847e-13   2.019e-16  -39.591855   2.7625448

             c8          c9         c10         c11         c12         c13         c14
 r1           0           0           0           0           0           0           0
 r2           0           0           0           0           0           0           0
 r3           0           0           0           0           0           0           0
 r4           0           0           0           0           0           0           0
 r5           0           0           0           0  -1.1711327           0           0
 r6   3.0893947           0           0           0  -7.1308107           0           0
 r7   4.9021167           0           0  -2.3788512   -10.11028           0           0
 r8   5.5350684   1.3507454           0  -2.4100128  -11.232086           0           0
 r9   8.5189777    1.707966           0  -2.3561052  -15.363488           0           0
r10   21.954284   2.2106867           0  -6.7523266  -25.221883           0    9.186565
r11   28.374297   2.5195396  -1.7877123  -8.8284334  -28.895985           0   13.769959
r12   29.895811   3.3298585  -2.4601976   -9.450532  -29.980736           0   15.044341
r13   30.421512   3.6987238  -2.7149202  -9.8875369  -30.597755           0   15.553595
r14   40.576921   4.0953313   -3.376144  -10.063412  -35.597367   11.934289   7.6638478
r15   51.780867   3.9829882  -5.7254096   -13.12615  -41.972383   14.942847   11.760448
r16   51.780867   3.9829882  -5.7254096   -13.12615  -41.972383   14.942847   11.760448
r17   51.780867   3.9829882  -5.7254096   -13.12615  -41.972383   14.942847   11.760448

Algorithm is lasso

Cp, R-squared and Actions along the sequence of models

+------------------------------------------------------+
| Step |      Cp     | R-square |  Action              |
|------+-------------+----------+----------------------|
|    1 |  3542.4922  |  0.0000  |                      | 
|    2 |  2555.9200  |  0.2753  | +BB_dunning3         | 
|    3 |   388.5759  |  0.8793  | +CA_cent             | 
|    4 |   250.7460  |  0.9182  | +CC_gini3            | 
|    5 |   229.1631  |  0.9248  | +DC_total1           | 
|    6 |   141.6925  |  0.9497  | +SY_cl               | 
|    7 |    91.5249  |  0.9642  | +DG_nominal1         | 
|    8 |    80.6470  |  0.9678  | +DA_pc8              | 
|    9 |    69.2555  |  0.9715  | +SY_mdms             | 
|   10 |    32.2322  |  0.9824  | +DE_total            | 
|   11 |    22.0670  |  0.9858  | -CC_gini3 +DG_regime | 
|   12 |    20.1163  |  0.9869  |                      | 
|   13 |    20.4861  |  0.9873  | +SY_checks           | 
|   14 |    15.1412  |  0.9894  | +DD_overall2         | 
|   15 |    13.0000 *|  0.9905  | +CC_gini3            | 
|   16 |    15.0000  |  0.9905  | +SY_pr               | 
|   17 |    17.0000  |  0.9905  | +SY_system           | 
+------------------------------------------------------+
* indicates the smallest value for Cp

The coefficient values for the minimum Cp

+----------------------------+
| Variable    |  Coefficient |
|-------------+--------------|
| BB_dunning3 |      -0.0633 |
| CA_cent     |     -27.2559 |
| CC_gini3    |     -54.0070 |
| SY_mdms     |      -1.0821 |
| SY_checks   |       0.2752 |
| SY_cl       |      26.9697 |
| DA_pc8      |       0.3532 |
| DG_regime   |      -1.6421 |
| DG_nominal1 |      -0.1033 |
| DC_total1   |      -1.4089 |
| DD_overall2 |       0.4015 |
| DE_total    |       0.1779 |
+----------------------------+

. 
. 
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. // Figure E
. // *--------+---------+---------+---------+---------+---------+---------+
. // *--------+---------+---------+---------+---------+---------+---------+
. 
. 
. 
. xtset A_id_number A_year
       panel variable:  A_id_number (unbalanced)
        time variable:  A_year, 1960 to 2009
                delta:  1 unit

. 
. xtpcse c.DB_exports_clean5 c.$WC##c.$IN##c.$NTR $controls_exports  , pairwise correlation(ar
> 1)

Number of gaps in sample:  1
(note: computations for rho restarted at each gap)
(note: estimates of rho outside [-1,1] bounded to be in the range [-1,1])
(note: at least one disturbance covariance assumed 0, no common time periods
       between panels)

Prais-Winsten regression, correlated panels corrected standard errors (PCSEs)

Group variable:   A_id_number                   Number of obs     =        239
Time variable:    A_year                        Number of groups  =         18
Panels:           correlated (unbalanced)       Obs per group:
Autocorrelation:  common AR(1)                                min =          1
Sigma computed by pairwise selection                          avg =  13.277778
                                                              max =         26
Estimated covariances      =       171          R-squared         =     0.5341
Estimated autocorrelations =         1          Wald chi2(13)     =     127.67
Estimated coefficients     =        14          Prob > chi2       =     0.0000

------------------------------------------------------------------------------------------
                         |           Panel-corrected
       DB_exports_clean5 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------------------+----------------------------------------------------------------
                 CA_cent |  -62.60865   27.64274    -2.26   0.024    -116.7874   -8.429868
                CC_gini3 |  -185.3595   40.30231    -4.60   0.000    -264.3506   -106.3684
                         |
    c.CA_cent#c.CC_gini3 |   306.6042   101.2609     3.03   0.002     108.1364     505.072
                         |
             BB_dunning3 |   .0897325   .0409675     2.19   0.028     .0094378    .1700273
                         |
 c.CA_cent#c.BB_dunning3 |    .029316   .0578693     0.51   0.612    -.0841057    .1427378
                         |
c.CC_gini3#c.BB_dunning3 |  -.2484851   .1183339    -2.10   0.036    -.4804154   -.0165549
                         |
    c.CA_cent#c.CC_gini3#|
           c.BB_dunning3 |   -.328846   .2028175    -1.62   0.105     -.726361     .068669
                         |
                  DA_pc8 |   .2701501   .1648856     1.64   0.101    -.0530196    .5933199
               DG_regime |   2.588892    .963402     2.69   0.007     .7006586    4.477125
             DG_nominal1 |  -.1104579   .0425005    -2.60   0.009    -.1937574   -.0271584
               DC_total1 |   .4760158   .2374258     2.00   0.045     .0106698    .9413617
             DD_overall2 |   1.059282   .2623585     4.04   0.000     .5450692    1.573496
                DE_total |  -.0431983   .1424708    -0.30   0.762    -.3224358    .2360393
                   _cons |   65.37378   13.05143     5.01   0.000     39.79345    90.95412
-------------------------+----------------------------------------------------------------
                     rho |   .8568978
------------------------------------------------------------------------------------------

. 
. generate sample = e(sample)

. tab sample

     sample |      Freq.     Percent        Cum.
------------+-----------------------------------
          0 |        644       72.93       72.93
          1 |        239       27.07      100.00
------------+-----------------------------------
      Total |        883      100.00

. drop if A_year <= 1984
(450 observations deleted)

. drop if A_year >=2001
(145 observations deleted)

. 
. gen id = A_id_number

. gen year = A_year

. xtset id year
       panel variable:  id (strongly balanced)
        time variable:  year, 1985 to 2000
                delta:  1 unit

. 
. helm $WC $IN $NTR

. 
. pvar2 $NTR $IN $WC, lag(4) gmm monte 100 "decomp 30" 
       panel variable:  id (strongly balanced)
        time variable:  year, 1985 to 2000
                delta:  1 unit
GMM started : 12:01:36  
accumulating matrices equation 1,2,3,calculating b2sls
calculating big ZuuZ matrix
finished accumulating ZuuZ
_______ Results of the Estimation by system GMM_________
number of observations used : 176
------------------------------------------------------------------------------
EQ1: dep.var     : h_BB_dunning3

                       b_GMM      se_GMM       t_GMM
 L.h_BB_dunning3    .7337206   .22430753   3.2710476
    L.h_CC_gini3  -907.47733   4149.8051  -.21867951
     L.h_CA_cent   77.478958   363.24705   .21329549
L2.h_BB_dunning3   .32440502   .30837839   1.0519707
   L2.h_CC_gini3   585.12474   4222.7828   .13856378
    L2.h_CA_cent    223.2847   198.05051   1.1274129
L3.h_BB_dunning3   .33074904   .30388751    1.088393
   L3.h_CC_gini3  -2509.5802   4567.7037  -.54941834
    L3.h_CA_cent  -330.57259   299.84486  -1.1024787
L4.h_BB_dunning3   .23395374   .26941856   .86836532
   L4.h_CC_gini3   2466.1212   2594.8891   .95037631
    L4.h_CA_cent   205.89836   261.07079   .78866871
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ2: dep.var     : h_CC_gini3

                       b_GMM      se_GMM       t_GMM
 L.h_BB_dunning3  -6.839e-07   9.490e-07  -.72065378
    L.h_CC_gini3   1.7348882   .17515356   9.9049555
     L.h_CA_cent  -.00136599   .00973236  -.14035582
L2.h_BB_dunning3   4.838e-07   1.386e-06    .3490129
   L2.h_CC_gini3  -.76135019   .15064195  -5.0540382
    L2.h_CA_cent   .00089776   .00240401   .37344042
L3.h_BB_dunning3   5.044e-07   1.443e-06   .34949798
   L3.h_CC_gini3  -.09840455   .06341964  -1.5516415
    L3.h_CA_cent  -.00027751   .00298881  -.09284842
L4.h_BB_dunning3   8.183e-07   6.931e-07   1.1806383
   L4.h_CC_gini3   .08462808   .05407723   1.5649486
    L4.h_CA_cent   .00081376   .00386004   .21081762
------------------------------------------------------------------------------
------------------------------------------------------------------------------
EQ3: dep.var     : h_CA_cent

                       b_GMM      se_GMM       t_GMM
 L.h_BB_dunning3  -.00001279   .00001755  -.72858047
    L.h_CC_gini3   .82991136   1.6471404   .50384979
     L.h_CA_cent   .85816109   .11139857     7.70352
L2.h_BB_dunning3  -7.743e-06   .00001298  -.59670251
   L2.h_CC_gini3  -1.0732821   2.0909341  -.51330268
    L2.h_CA_cent   .01456805   .04428329   .32897388
L3.h_BB_dunning3   .00001086   .00001573   .69048005
   L3.h_CC_gini3  -.66970654   1.6978527  -.39444325
    L3.h_CA_cent   .05340486   .05368543    .9947739
L4.h_BB_dunning3   8.740e-06   8.782e-06   .99527328
   L4.h_CC_gini3   1.1675373   1.1173795   1.0448888
    L4.h_CA_cent  -.06402394   .05929173  -1.0798123
------------------------------------------------------------------------------
just identified - Hansen statistic is not calculated 

symmetric uu[3,3]
             BB_dunning3     CC_gini3      CA_cent
BB_dunning3    9653.3743
   CC_gini3    .00055416    2.975e-06
    CA_cent   -.00132435    7.865e-06    .00082887
 
Residuals correlation matrix 

             |       u1       u2       u3
-------------+---------------------------
          u1 |   1.0000 
             |
             |
          u2 |   0.0001   1.0000 
             |   0.9994
             |
          u3 |  -0.0039   0.1580   1.0000 
             |   0.9588   0.0362
             |
 
GMM finished : 12:01:36
 
Starting Monte-Carlo loop : 12:01:36 , total 100 repetitions requested
i=38, i=76, i=100, finished Monte-Carlo loop : 12:01:37 
(note: file gr1_1.gph not found)
(file gr1_1.gph saved)
(note: file gr1_2.gph not found)
(file gr1_2.gph saved)
(note: file gr1_3.gph not found)
(file gr1_3.gph saved)
(note: file gr2_1.gph not found)
(file gr2_1.gph saved)
(note: file gr2_2.gph not found)
(file gr2_2.gph saved)
(note: file gr2_3.gph not found)
(file gr2_3.gph saved)
(note: file gr3_1.gph not found)
(file gr3_1.gph saved)
(note: file gr3_2.gph not found)
(file gr3_2.gph saved)
(note: file gr3_3.gph not found)
(file gr3_3.gph saved)
s=10,20,30,
** variance-decompositions: percent of variation in the row variable explained by column variable

D[9,4]
                       s  BB_dunning3     CC_gini3      CA_cent
BB_dunning3           10    .98607161    .00456759     .0093608
   CC_gini3           10     .0165913    .98271417    .00069453
    CA_cent           10    .08685167    .04463811    .86851021
BB_dunning3           20    .98519282    .00417205    .01063513
   CC_gini3           20    .83079855    .15995699    .00924446
    CA_cent           20    .91025321    .01894533    .07080145
BB_dunning3           30    .98521037    .00412739    .01066224
   CC_gini3           30    .98406804    .00525935    .01067261
    CA_cent           30    .98457074    .00443776    .01099151

. capture noisily graph export "I_pvar_NTR_IN_WC_lag4.pdf", replace
(file /Users/jbb130330/Dropbox/Privat/UT Dallas/ Research/5 R&R/Severity of Dutch Disease/Writing/NT
> R v17 ISQ Final/ Submission/3 Replication Data/I_pvar_NTR_IN_WC_lag4.pdf written in PDF format)

. 
. restore
nothing to restore
r(622);

end of do-file

r(622);

. exit, clear
